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Clive Lambert - FuturesTechs
Clive Lambert of FuturesTechs is looking to dip toe in the Dax (June ’17 Futures) on a pullback to 12,050, and then to add on a move above 12,100 and once again if 12,130 is cleared. His targets are 12,240 and 12,411 and his stop is 12,000.
Day trade
Trade view / 13 October 2016 at 6:00 GMT

GBPUSD upside failure keeps sentiment negative

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: GBPUSD
Price target:
Market price:
Background

Asian trading in GBPUSD on Wednesday saw a reaction to Tuesday’s strong decline. But although trading was volatile the market was unable to sustain the extent of that upside, with Europe dominated by a steady, though modest, deterioration in investor sentiment. This, despite minor net gains, reflects an underlying negative bias that is expected to remain the key background element in Cable.

Management and risk description

A move to 1.2160 means the stop can be lowered to break even or better.

Parameters

Entry: Sell in 1.2190/95 area and any 1.2222 rally.

Stop: 1.2259 bid.

Target: 1.2160 and 1.2125.

Time horizon: Intraday, ending London 4pm.

Reaction from lows
Reaction from Lows
 Highs not held
Highs Rejected
 Long-term
Long Term
 All charts from CQG. Create your own charts with SaxoTrader; click here to learn more


— Edited by Susan McDonald


Non-independent investment research disclaimer applies. Read more

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