Cable: wait for big dips to re-enter longs
There’s a lot of readjustment going on in the crosses with GBP/AUD buying, GBP/JPY selling etc driving moves in every direction. I think that cable has made a major low below 1.5000 and this was reinforced by the double-bottom and neckline at 1.5000 and 1.5150.
I’m looking to re-enter longs on any decent dips back towards 1.5350.
Sean,
Have you updated your entry level on GBP/USD at 1.5350 ? It still seems interesting to buy dips between [1.5400/1.5370] ?? ok it’s a long way to go from current level but on M/T…
Sorry if I talked yu out of a good intraday trade in AUD 🙁 definitely still buy dips in cable but it’s moving pretty slowly at moment
No problem, Sean. I have to find some news trades ideas 😉
Sean,
Are you still buyer on the dips for GBP/USD around 1.5350 ?
I’ve got quite a lot of risk on at moment through AUD/USD so I need to concentrate all my resources on this trade for now. I do like the buy-dip trade for cable but its as always a matter of getting the timing right
I understand. Good luck on AUD/USD 😉