Squawk / 02 October 2018 at 5:56 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
GBPUSD - CABLE - Upside rejection targets 1.2948
An early rally yesterday traded near to our weekly Sell Rally point, Thursday’s Marabuzo line. But selling interest re-emerged marginally below that level and the market closed with only minor net movement. This ‘Doji’ ended a sequence of 3 down days but ensured that CABLE remained below the 13 day mvg avg. This price action does not create strong intraday signals for sentiment but this morning’s call is still a Sell
We look to Sell in 1.3025/30 area and at 1.3056
Stop is 1.3090 bid
Targets - 1.3001, 1.2981 or even 1.2948
Closing 4pm London time
02 October
marran marran
this looks a solid trade to me so im in
02 October
AlanCollins AlanCollins
If 1.3001 hit, stop to be lowered to 1.3050
02 October
AlanCollins AlanCollins
2nd target met. stop now no higher than break even
02 October
AlanCollins AlanCollins
3rd target met.


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