Squawk / 21 June 2018 at 5:41 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
CABLE - Weak rally keeps sentiment bearish.
Yesterday's report highlighted an oversold situation. That proved justified as, after marginally failing to reach of 1st downside target, some profit taking developed. The resulting bounce was not an aggressive one but limited net movement suggested that selling pressure had stalled. But the upside failure at Tuesday’s Marabuzo line has led to some renewed selling interest in Asia, confirming the underlying bearish tone.
We look to Sell at 1.3156 and 1.3180.
The stop is 1.3224 bid with targets 1.3137, 1.3118 and 1.3088.
Closes 4pm London time
1y
KS2011 KS2011
Thanks Alan. Fingers crossed.
1y
alki alki
Good morning sir. Dont forget 11.00 GMT the UK interest rate decision is due.
1y
Cat Cat
Morning Alki! Happy trading today :-)
1y
marran marran
do you think the interest rate decision will make or break this trade?
1y
JVKNL JVKNL
Alan knows more than we do about trading I think but i am not risking it today cause of the 11GMT UK interest rate decision. But I think I am a good contraindicator as well :))
1y
marran marran
what does contraindicator mean jvknl?
1y
JVKNL JVKNL
That when i think that it will go up it is very likely to go down :)
1y
marran marran
ah right, that's contrarian
1y
IL IL
options expiry at 10 am NY ttime GBP/USD: 1.3200/05 (1.1BLN)- the spot price is used to follow as close as possible
1y
marran marran
thats not good for this trade then is it?
1y
IL IL
nope, they will try to cover options
1y
marran marran
thats 3pm in uk time i think? how did you get that information IL?
1y
marran marran
very interesting, well worth keeping an eye on. are you going to buy IL?
1y
marran marran
actually i think it 4pm in the uk
1y
IL IL
no,I'm not buying this pair ,,just long i eurusd and gold- almost 4 bln options expires at the price over 1,16. this is 4 PM in DK:-).... not UK
1y
AlanCollins AlanCollins
2nd target met here so if you got in then stop to entry at the very outside. If not then idea cancelled.
1y
geirth geirth
Tanks Alan. Done it again!
1y
geirth geirth
Thanks Alan. Done it again!
1y
KS2011 KS2011
Thanks Alan made 50 pips.
1y
AlanCollins AlanCollins
Thanks guys. Glad it worked for you. Fingers crosseed tomorrow's markets are as kind
1y
IL IL
and now the options are working :-)
1y
marran marran
yep IL the options were a success! but a little bit lucky perhaps
1y
JVKNL JVKNL
Alan youre a genius.
1y
IL IL
marran... there is nothing to do with luck. Just watch it every day :-)

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