A Winner!
Looks like my idea of shorting the Cable expecting it to slip in rangebound trading turned out to be a good one (that's hella rare):
What's on tap for tomorrow?
As best I can tell, nothing!
I firmly believe that in the absence of fundamental data, the technicals rule.
With this in mind, seeing a negative divergence (is there such a thing?) on the MACD and seeing that price is currently at 1.9034 and a pivot point at 1.9058, I expect the Cable to fall and then rise. I'm putting a buy in at 1.9020 with a 25 pip S/L and T/P. Let's hope this pivot point stuff is working tomorrow.
What's on tap for tomorrow?
As best I can tell, nothing!
I firmly believe that in the absence of fundamental data, the technicals rule.
With this in mind, seeing a negative divergence (is there such a thing?) on the MACD and seeing that price is currently at 1.9034 and a pivot point at 1.9058, I expect the Cable to fall and then rise. I'm putting a buy in at 1.9020 with a 25 pip S/L and T/P. Let's hope this pivot point stuff is working tomorrow.
posted by Young Pip at 9:48 PM
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