overall the trend is a down........i saw cable wanna touch the 9250 level this week so we should look for the best short positions.he looks need to gathering some power to go up at first before he go down.the resistant levels i saw is in 1.9560,if he break the 1.9600 level he had possibility to go up till 1.9680 level.1.9800 is a big resistant,if he break that level the down trend is halted for a while.
the strategy for this week is buy in 1.9500 level and ofcourse plus the brokers spread...in my broker i buy it for 1.9503. take the 1.9450 level as a stop and 1.9560 as the first target.
we can put pending order to go long cable at 1.9603 level and 1.9550 as a stop. if 1.9603 is hard to break we should had an anticipation to sell it in 1.9550 and float it to the 1.9250 area.
if cable already in upper levels...we should thing about selling levels,i thing about selling at 1.9500 if he only go not higher than 1.9600.i would sell in 1.9600 after he go up to 1.9680.and the last to do is float our short positions till 1.9250 area.
the other scenario that can happen is cable go down directly this week without take some retracement to go upper. anticipate that to put short pending order in 1.9400 and 1.9453 as stop level.
dont forget to change your stops level after ge get 30-50 pips profit, change it to the place where u take the entry level, just in case.
No comments:
Post a Comment