Squawk / 12 December 2018 at 6:46 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
GBPUSD- Tracking Keltner Channel Lower
Yesterday's and this week's bearish bias was proved as an initial profit taking rise Tuesday triggered our sell rally level. The resulting renewal of selling pressure took CABLE to new 18 month lows and through our final weekly downside objective. Immediate signals for sentiment remain oversold but, currently, rally attempts (like in Asia this morning) are likely to remain temporary and limited.
So we look to Sell in 1.2510/15 area and any 1.2542 rally
Targets are 1.2479, 1.2451 or even 1.2406
Stop is 1.2580 bid
Closes 4pm London time
12 December
AlanCollins AlanCollins
CABLE Trades to Target/Lower Stop - Our 1.2479 target has been met. The focus now is on 1.2451 with a stop now set at 1.2517 (sell rally cancelled)
12 December
marran marran
hit profit, stopped out, sold the rally. Its been a busy morning and its not even 8.30
12 December
marran marran
its all going wrong!
13 December
AlanCollins AlanCollins
From our perspective its important to note that 3cA only make one call per currency pair per day. CABLE hit profit target 1 where exposure should have been reduced. The balance was stopped close to the entry point and that was it. No more entries for 3cA on the day.
13 December
marran marran
I totally understand that it wasn't meant to be a dig at you, just an observation of what i was doing
13 December
AlanCollins AlanCollins
No problem., Are you the only guy watching this page any more do you think?
13 December
marran marran
im starting to think so! is this the only place on the saxo site you can post?
13 December
AlanCollins AlanCollins
we're still on their TradeMaker platform but only until the end of March.

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