Ok, for potential scalp I have put a limit sell @ 1.61 with tp @ 1.606. G
Some thoughts on this pair today. So pa has hit daily supply, apparently barrier at 1.63 taken out with some hefty buy stops above. So if pa could get through here it may go on another run however I am cautious. Fis cliff around the corner with every chance that nothing is resolved by then so why would anyone want to buy this pair in any meaningful size at these elevated prices.? So in summery, daily supply hit, large shooting star candle on daily, fis cliff rou d the corner, very cautious…
Forgot to add stochastic well o/b on daily…
cable @ crossroads. 1.50 should offer support. stochs well oversold on weekly and daily. watchin daily candle patterns for any reversal indication.
poss long.
watching the weekly close with much interest. large engulfing bullish candle forming on weekly. maybe 1.50 can stop this thing for time being?
Am now long cable - target the fib retrace levels
Closed long. Feel this is running out of steam near term.