pezq
Long

Why the Cable could be on the up

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
226 1 5
I am long Cable from 1.5950 with a very short stop below. Here I publish my reasoning based on a simple analysis of the price action and the diagonal lines of movement. The upper level was never properly tested after the referendum and I reason that there are still sellers lurking....
Also see where the axis of intersection occurs just above the 63 level? If price gets above that then there's no reason not to push on.
Thumbs up for the plane taking off!!!
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out