GBPUSD--POSSIBLE JUMP IN 2ND WAVE TILL 1.5150

Cable can become strong till it remains above 1.4760 -preferably on hourly closing basis...so one can go long till the zone 1.5130--1.5150 & if extended further it can go as high as 1.5500--1.5550 where 2nd wave shall retrace 80% of 1st Yellow Wave...

Post Brexit -Yes or No Scenario do not get trap on long side of pound...we will go strong bullish only above 1.5950...else moving back below 1.4760 --cable can become weak.

Regards,
Abhishek H.Singh, CMT

Comment:

16:09 Hrs--IST..23rd June 2016
Cable is on the way.....in 2nd Wave...I don't mind which wave is it...till the time I am making money...1.4940....

Comment:

16:25 Hrs IST--23rd June 2016

We exit Buy Call in GBPUSD@1.4900...Current Rate -1.4899...& Wait for Selling untill it moves below 1.4760...Regards, Abhishek

Trade active:

19:25 Hrs ..IST--23rd June 2016....We Will Go Bearish Below 1.4760....Current Rate is 1.4800...We exited Buy Call in Profit@1.4900....Put a stop@1.5001 & Take Short@1.4815...Regards

Trade active:

20:05 Hrs ..IST--23rd June 2016...Current Rate--1.4770......Cable makes a low@1.4740....Book 25% & Add Short Again in the range 1.4810--1.4830....or Add 25% Back below 1.4740....Regards, Abhishek

Trade active:

23:22 Hrs IST...23rd June 2016.....Bang On...Cable Took U-Turn Exactly@1.4740...Got Filled Again in short trade in the zone--1.4810--1.4830.....session high -1.4838....Good Night From India....Regards, Abhishek

Trade active:

23:30 Hrs...IST..23rd June 2016---Once Cable Falls to recent low@1.4740...& holds then book same 25% back & try to fill in short trade again in the zone 1.4850--1.4875....if 1.4740 is taken out...Book 25% in the zone 1.4700--1.4715 & Try to fill short trade again the same zone as of 1.4850--1.4875...Regards, Abhishek