
Above is a my hourly chart for cable,last friday selling preesure bring cable to the downside exceeded 161.8 fibo extension at price 2.0186 from the highest peak around 2.0579 at hourly chart,then i think we could see a pullback toward 2.0261 first at 38.2 retracement while the short term bottom has been completed at 2.0145.we could long first to aim 2.0261 as a first take profit and 2.0333 as a 2nd target,stop loss just 50pips or 70pips from entry point and don't forget to trailing your stop loss after gain 50pips and above.
Posted by
millionaire |
Sunday, December 16, 2007
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cable retracement
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