Live Chat

19/03/2014: I have just sold GBP/USD @ $1.66221


I view this push higher as a chance to sell.

There is a sequence of lower highs on Cable now with the latest at $1.66470. The hourly RSI is back to a level where the sellers have returned within this decline. I expect the dollar strength to resume and drag Cable back to retest yesterday’s low at $1.6543.

I have placed my stop at $1.66570 (35 pips) a bit of room above the $1.66470 reaction high.


Ready to start trading?

Open an Account Try Demo

  • Archive

  • Topics

  • Videos