My take profit at 1.27 was hit. I am going to go short at 1.27, with a take profit at the bottom of the triangle, the support should be around 1.26 or so, depending on when price gets down there.
See my chart, this is what I'm looking at.
Thanks for the like Raa! =D I'm going to short again around 1.27. The magic number
Do you think the Cable will consolidate again towards 1.60: That's where I think it's heading now.
Watching yesterday's strong move, I am not certain if this is a turning point or a pull back. Certainly there are important barriers (trendline and ema) where we are now but I would like to see something more convincing before taking a short.
I'm looking for another testing of 1.60 in the cable. Any opinions on this?
Looks like it was a stop run low, possible we will see a whole cycle up, but tomorrow is Friday and light on news so likely it will be another stop run highs or lows. IMO
I hear there are a bunch of sell orders at 1.30, however, I have heard that there are a lot more buy orders than the sell orders, therefore we should work ourselves up through 1.30 (Source:
). Target 1.31, that's mine anyway.
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