Tuesday, October 29, 2013

Trade Idea Wrap-up: GBP/USD - Hold short entered at 1.6115

Cable's breach of previous support at 1.6115 together with the subsequent decline add credence to our view that a temporary top is formed at 1.6258 last week, hence consolidation with downside bias remains for retracement of recent rise to bring further weakness to 1.6050, then 1.6033-35 (61.8% Fibonacci retracement of



Continue Read...


0 comments:

Post a Comment

Site Search