Cable Snapshot:
Intraday Swing Point moves are Long above 1.5110 and Short below 1.5000 (full detail in Trade Plan). Favor a Trade Plan straddle long to T1, short to T2. Previous 8 hour session range 25 pips. Opened below the Neutral Swing Point with an initial Short bias. Main Sup and Res areas: 1.5450 and 1.4750. Daily price action is Oversold, into a Short trend (sell resistance set-up), and a very wide down-trend channel. The overall trend changes to Long if 1.5450 is taken out. Gbp Fundamentals are Poor.
Intraday Swing Point moves are Long above 1.5110 and Short below 1.5000 (full detail in Trade Plan). Favor a Trade Plan straddle long to T1, short to T2. Previous 8 hour session range 25 pips. Opened below the Neutral Swing Point with an initial Short bias. Main Sup and Res areas: 1.5450 and 1.4750. Daily price action is Oversold, into a Short trend (sell resistance set-up), and a very wide down-trend channel. The overall trend changes to Long if 1.5450 is taken out. Gbp Fundamentals are Poor.
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