Hi,
Does anybody concur cable may go around 1.9050 area? Or will continue bearish when the market open on monday?
Hi,
Does anybody concur cable may go around 1.9050 area? Or will continue bearish when the market open on monday?
It's very risky today.
It may have bottomed long word in 1.8834/36 and handling to rally past 1.90 again. And if that is expected by someone, he may not be wrong although stochastic created a cross, a doji plus a bullish candle but thats not overly enough.
Someone else may encounter. . And say no, It's going down. And he has good explanations. Why? GBPUSD almost touch the 1.8967-65 resistance, and it may be a place to find plenty of sellers. Also the bullish candle did not close above 1.8953 bearish candle available. Rather closed at 1.8946
All in all..Bullish fad is not confirmed, it must create a close above 1.8967, things are essentially trapped within 1.8834/36 reduced / underside and 1.8965/67 top / top. And only IF bears enter to take control today and push prices lower again, most likely we'll break the 1.8834.
I am staying until either side is broken.
4 hour 3590 place is 10 ema do we watch that and 3600 to the 20 ema 368 to 3720 would be adjacent . . If only if remember play with it because you see it
Seems like 100 day MA honored in 4 hoursOriginally Posted by ;
Lets see whether it's a good move
It is going to be just a retracement. Another push could happen on Tuesday or after and retest the highs of now.
The cable is under presure. But dividing the suppurt line 1.3986 will be a good short position.