In my previous idea I was short and looking to possibly go long at my target price. Looking at the strength of the selling activity on Cable I'm looking for more short opportunities until I see a strong shift to buying.
Comment:
I shorted from 1.2840 during London open. Closed for approx 30 pips as price rose from the low at London close. 1.2770 is where I think price may continue to go to but will see the activity at London open before I commit to a trade.
Trade closed: target reached:
Shorted late from 1.2750 and closed at 1.2720. I still expect lower prices but will see what happens next week.