The daily cable show a strong uptrend limited for a while when the daily closing price below 2.0170,then price need a pullback toward 2.0097 to 1.9970 zone first,in case price continue hiking till reach 2.0250 then another peak could be seen around 2.0318.while the dollar still injured with the recession and the uncertainty market still playing around,i don't believe any comfortable trend along this year,i would like to hit and run only,look back at the cable chart above,if price have a deeper correction till break 1.9970 then then short term top should place around 2.0215,my strategy just to place sell stop around 2.0090 toward 1.9970 with a tight stop loss,be careful price should rebounce around 2.0 to 1.9970 level.anyway good luck and haapy trading.feel free to give your opinion.tq;)
Posted by
millionaire |
Sunday, March 09, 2008
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pound vs dollar
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