charts247
Short

THE PICTURE SAYS EVERYTHING - SHORT CABLE AGAIN!

FX:GBPUSD   British Pound/U.S. Dollar
-FIRSTLY CABLE IS IN A DOWNTREND(THE RED ARROW CLEARLY SHOWS THIS) AND PREFFERABLY WE WOULD LIKE TO BE A SELLER.
- WE BOUGHT THIS PAIR LAST WEEK AND IT GAVE US A NCE MOVE TO THE UPSIDE
-THE PAIR HAVE MADE A LOW OF 1.4950 ON 23RD OF JANUARY BEFORE THE PULLBACK TO 1.5340 AREA.
-THIS PULLBACK IS A MERE DISCOUNTING IN PRICE AND WE SHOULD SEE IT AS A SELLING OPPORTUNITY.
-THE CLOSE ON FRIDAY BELOW THE BUY POINT/STRUCTURAL LONG IS A SELL SIGNAL.
-WE WILL SELL THE PAIR AFTER A RETRACEMENT TO THE 15268 AREA. IN ANTICIPATION THAT PRICE WILL -TRADE LOWER AND THE LOW OF THE 14950 WILL BE BROKEN AND A NEW LOW WILL BE EXTABLISHED.
-OUR SELL POINT IS 1.5268
-STOP IS 1.5350.
-1ST TARGET IS 14950 EXTENDED TO 14806.
-HAVE A WONDERFUL TRADING WEEK.
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