Look like cable bounce from a strong support at 1.9735,anyway,don't be hasty to entry,cable still in oversold condition,1.9880 break out is needed to accelerated,and 1candle closing above 1.9910 indicate a testing toward 2.0 could be seen.If bullish fail to comfort around 1.9980 to 2.0 area we should see a reversal there.In case price break the lower before around 1.9740,the downtrend should resume to try 1.9660 first as an immediate target.
Strategy:buy stop 1.9880 stop loss 1.9810 take profit 1.9980
sell stop 1.9720 stop loss 1.9780,take profit 1.9660,1.9550
Do not forget to trailing your stop loss to secure your profit.
Posted by
millionaire |
Tuesday, April 01, 2008
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cable bounce
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