The pound sterling really hurt and show the bearish extreme after break 1.9730 support before,although cable pass oversold intraday condition to bounce at the mid trading us session but it still limited 1.9730,while the perfect candle bearish candlestick and the price mapping in the downside channel,i don't see any sign to bounce or rise,suggest more downside could be seen.As long as 1.9730 hold price should continue to 1.9650 as an immediate target.watch out the narrow range 1.9660 to 1.9730 to determine your position.
trading strategy
sell stop 1.9660 tp1=1.9590,tp2=1.9480 tp3=1.9330,stop loss 1.9740
buy stop 1.9740 tp1=1.9830 tp2=1.9880
ok trader good luck and do not forget to trailing your stop loss;)
Posted by
millionaire |
Wednesday, April 09, 2008
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bearish
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0
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