Cable consolidation nearing cycle end
Dollar and pound remain evenly matched and have been more or less consolidating over the last 6 or so years. Something has to to give. I anticipate cable to continue consolidating over the course of 2016 providing opportunities for those more accustomed to range trading.
I prefer trending markets and will look to pick up the pound around the 1.45/46 area as it approaches major trendline support. The charts suggest a 30% move.
This enormous pennant formation on the monthly should provide an explosive move with a proper break but I don't think we are there yet.
I prefer trending markets and will look to pick up the pound around the 1.45/46 area as it approaches major trendline support. The charts suggest a 30% move.
This enormous pennant formation on the monthly should provide an explosive move with a proper break but I don't think we are there yet.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.