i saw a utube video of gu one time....works manytimes, has to do with the way the banks close across europe. watch the 3am est 1hr bar
go long 5pips above with a stop 10 pips below the low, target 50 pips
go short 5 pips below 3hr bar…
Sterling got a good support at 1.4975 on last friday and today's low so far is 1.4980. We have only 1 medium levelled data release today from UK.
As far as the pair remains below 1.5050 the outlook is bearish.
1. BBA Mortgage…
We are into the last week of the month of January so the market is expected to show the monthly trend reversal move which will be less volatile than yearly trend reversal time which we have seen till last week.
Trade 1 - 27/01 0:01am , half closed @ 50.80 , SL stays @ 50.15
Trade 1 - 26/01 8:00pm SL up to break even @…Continue
Sellers continue to govern CABLE with last week producing the 6th weekly decline in succession – tracking the lower end of a declining Keltner channel. But last week was dominated by Thursday’s price action – initial gains rejected near the key…Continue
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