Cable longs looking bit healthier
Nice bounce in the cable brought on by EUR/GBP flows and strong PMI data. It should be toppy now 1.5230/40 but we can expect any dips now to 1.5150/70 to attract profit takers as well.
I’m still long and keeping a close watch on price action for any clues that I should be increasing my position at these ‘cheap’ levels.
Indeed, a bit of relief !
What do you think about 5470 final target ? Just 250 pips away.
Sean, please, smash this cross for me, that will be my revenge since two weeks 😉
Agree Lio, I’ve got interim sell orders now near 15450
I feel your pain Papillon, the curse of the stop-loss strikes again. I always give it 40/50 pips lee-way through big levels, just in case of marginal breaks
Thanks Sean, good luck and I will be happy for you at 1.7500+ 😉
http://www.fxww.com/cable-building-a-small-long-term-long-position-for-1-75/
Hi Sean, I am targeting 1.549. The 61.8% of the move from 1.575 to 1.5129 comes in at 1.551 and a possible barrier at 1.55.