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Originally Posted by Yardbird
Also I see no overall TA or Fundi reasons for a Sterling in stellar zones over $2.
so still holding to the breakdown scenario into the low 90s
been shorting Cable with each failed 4hr/12 hr DTL touch ---9880-9945 zones. Then TSLing these trades @ 50ps.
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Quick charting views show the triangle/wedge/diagonal situation
Updated
if 9470/50 can't hold --looking to short again the 9820/50 area (upper band)
the Cable break down will take price to the 9330s for a test and retrace
potential ---but more unwinding to follow with the MPC rate cutting bias
showing teeth in the coming 2nd half of 2008
manage the RRs in any contra trading within these contracting bands
back to the hardball game
make your luck work into skilled wave riding