Hello Everyone.......
Quote:
We are Stopped @ 1.9815 on All Cable Positions for decent gains as Cable has returned to our Primary Sell Zone @ 1.9880<>1.9860 with this weeks BOE rate announcement on a expected hike to 5.50% therefore we are re-Positioning in Cable Sell's @ 1.9880<>1.9860 Zone with extension Cable Sell's @ 1.9895...
Cable Sell Zone @ 1.9880<>1.9860... with extension Sell's @ 1.9895...
Target ...Open.
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Cable stayed above the extension Sell @ 1.9895 onto a current High @ 1.9927 we will begin to Position once again within Cable Sell Z @ 1.9895<>1.9925 onto extension Sell's @ 1.9935...
current activated Cable Sell's @ 1.9895<>1.9910<>1.9915<>1.9920 will add higher... lower...
as an Optimal Sell Zone in Cable is forming with softer UK data meeting a Fully Priced Sterling @ 5.50% as the Commercials are heavily Net Short the Pound in Majority Position with the minority Net Long Commercials exiting 5000contracts last week...when the Net Short Commercial majority in the Pound sees the the minority Net Long Commercials Exit @ 5000Ctrc...excessive Bearishness is taking Position in the Sterling... its heavily Short the Market.
Let's see if this Price Discovery Positions in the Market.
Cable Sell Zone @ 1.9895<>1.9925...on extension to 1.9935...
Target...Open.
IRIS FX