GBP ( snaps back) off election call from MAY.........
Okay so we were in a down trend which has now been broken, as the chart shows by the daily closing above the Trend line resistance.
We have well and truly popped our head above it now, and we are hearing further weakness towards the Aussie due to commodity prices, the GBP is slowing down profit taking , but the buyers are still around .
We will be buying into this, but its got to rise above/ close above the 0.618 fib for confirmation .
Also coming off the back of a 300 pip loss on cable yesterday ,were hungry again..... losses will happen in your trading career and you have to learn from them and say were profitable consistently, so no harm done lets move on , However we will always show the winners with the losers that is reality ......
Stay tuned !!!!!!
We have well and truly popped our head above it now, and we are hearing further weakness towards the Aussie due to commodity prices, the GBP is slowing down profit taking , but the buyers are still around .
We will be buying into this, but its got to rise above/ close above the 0.618 fib for confirmation .
Also coming off the back of a 300 pip loss on cable yesterday ,were hungry again..... losses will happen in your trading career and you have to learn from them and say were profitable consistently, so no harm done lets move on , However we will always show the winners with the losers that is reality ......
Stay tuned !!!!!!