Posted by millionaire | Wednesday, March 19, 2008 | | 0 comments »


hi trader,hope everyone in a good condition and have an excellent achievement in trading;)
Today let's summary the important key level for pound,i just wanna take a whole point from the cable action at the chart above,in my view,cable have a 3point,1.9950 at the bottom,2.0180 at the middle and 2.0350 at the peak,currently i should say the uptrend still in progress,cable need to pass 2.0180 first to accelerate a rally,and 2.0350 would be a booster to the next potential upside target around 2.0450.meanwhile we could not deny the risk to downside,anyway i prefer to sell cable if price break the bottom level around 1.9950 first,if 1.9950 hold,i still believe we would see another peak higer than 2.0400 sooner or later.ok trader don't forget to minimize your risk while you trading,set stop loss to protect your capital and get the best entry.good luck;)

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