Hello Everyone........
Quote:
Cable Sell Zone @ 1.9755<>1.9730
with extension Cable Sell Zones @ 1.9770<>1.9760
Targeting @ 1.9700<>1.9670<>1.9635
Cable 2nd Sell Zone @ 1.9730<>1.9715 onto below Targets. if achieved in NY Session today 1/24/07.
Will look for Cable Target Exits @ 1.9635<>1.9610<>1.9590
Cable has the 2nd Sell Zone @ 1.9730<>1.9715 on London Sessions High @ 1.9734 activated to build from the South Reversal @ the 1st Cable Sell Zone @ 1.9770 onto Targets.
Cable meanders thru NY Session today after the London High @ 1.9734 into New Yorks @ 1.9728 activating our 2nd Cable Sell Zone @ 1.9730/15 from yesterday along with the 1st Sell Zone @ 1.9770 to a current Low @ 1.9626 and building a sizable Cable Sell Position overall.
Cable's next Targets @ 1.9610<>1.9590 will be Exit Zones on these 1st/2nd Cable Sell's to re-Position as we will be @ an Intermediate Support on this South Reversal for which we will re-Position for the next decline Target @ 1.9480<>1.9460.
Let's watch how 1.9590 reacts to Price as we may get a further decline follow thru to 1.9560/70 and will be a Key level to decifer Price Discovery and how much of this current Cable North advance onto 1.9916 has Exited the Market as Cable has had almost a 300pip decline in 48+hrs.
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We have Exited All Cable 1st/2nd Sell Positions @ 1.9570 to re-Postion as we achieved the follow thru that I was factoring.
1st Cable Sell Zone 1.9770...Exited @ 1.9570...200pips.
2nd Cable Sell Zone @ 1.9730...Exited @ 1.9570...160pips.
Cable's South Reversal posted a week ago is reality today with a current Low @ 1.9570.
IRIS
FX