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jodyong · 10-09-2006, 05:18

Hope you guys don't mind my input, but the pair looks poised for a major move down. I'm positioned for a retracement once prices break out of my trendline.

Also, the recent attempts to take out the major 1.9140 has disheartened cable bulls and yea, it looks like heavy short covering. With so many bulls covering their shorts, it's hard for the cable to remain so high up.

Just my 2 cents worth =)

10-09-2006, 05:18	#9
jodyong level 1 Join Date: Jul 2006 Posts: 27 Downloads: 1 Uploads: 0 Rep Power: 0	Re: GBPUSD Discussion Only Hope you guys don't mind my input, but the pair looks poised for a major move down. I'm positioned for a retracement once prices break out of my trendline. Also, the recent attempts to take out the major 1.9140 has disheartened cable bulls and yea, it looks like heavy short covering. With so many bulls covering their shorts, it's hard for the cable to remain so high up. Just my 2 cents worth =)