GBP/USD (CABLE) looking for the short - patience is a virtue
1.3 and 1.265 is an absolutely crucial, pivotal price interval for cable.
20,50 AND 200 EMA along side the RSI all indicate that an institutional short is coming up but retail traders must be warned that a sell now would be a very risky option. Patience is a virtue. Wait until Cable reaches the 1.3 key resistance area and watch the price action via candlestick closes, set your stop loss and go short.
To watch out for:
News.
Fundamentals this week are going to shake the markets, watch the situation over Trump and his hospitalisation. Watch for the FOMC speech towards the end of the week and the ECB speech.
Hoping you have a profitable week.
P.S go long on Gold, You are welcome
https://www.tradingview.com/x/DPgMtpje/
20,50 AND 200 EMA along side the RSI all indicate that an institutional short is coming up but retail traders must be warned that a sell now would be a very risky option. Patience is a virtue. Wait until Cable reaches the 1.3 key resistance area and watch the price action via candlestick closes, set your stop loss and go short.
To watch out for:
News.
Fundamentals this week are going to shake the markets, watch the situation over Trump and his hospitalisation. Watch for the FOMC speech towards the end of the week and the ECB speech.
Hoping you have a profitable week.
P.S go long on Gold, You are welcome
https://www.tradingview.com/x/DPgMtpje/
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