Is it time to buy cable and eur/usd?

[MickMason]

1.8165, and Eur/Usd nearing critical support at 1.2020, maybe half here and half at 1.8130?

Anyone agree/disagree?


Mick

[LeadingEdge]

It is but my personal opinion that the time is not yet right for a long GBP/USD.
I am instead short for a retest of the 1.8000 (perhaps as low as 1.1750) area first before building a position long.

LeadingEdge

[scratchy]

I am not thinking of buying euro yet Mick. If I'm correct we have another downwave to go yet. My possible targets are:
1st 1.1855
2nd 1.1643
3rd 1.1587. All approx, not expecting any to hit exact on.

Keep on Fibbing.

[MickMason]

Hi LeadingEdge

Ok, thanks, I'm long intraday for a few pips but I agree, I'm building a positional trade from lower, hopefully loaded up by 1.79.

Cheers

Mick

[MickMason]

Hi scratchy

Thanks for that, I'm looking intraday right now but agree 1.18 could come if we ever break 1.20, I'm getting dizzy watching 1.2020/1.22 back and forth, it's like watching Wimbledon!

[scratchy]

Aye Mick, it's back and forth because it's been in a minor correction. It 'should' continue downtrend soon, or my pattern count is wrong. I'm waiting on 1.2016 support to go.

Wimbledon fan here too.

[MickMason]

Out of both now for 30pips each, I don't like Greenspan, plus I want to quit for the day!

Have a good one y'all.....


Mick