Tuesday, 23 June 2009

The Daily version of Cable


Strong reversal of deep low leaves final candle with long low end wick but Green and close near high..

This was inline with expectations that stated that the today would see early weakness, followed by late recovery.

added to position at 1.625/1.63 area now in profit at close around 1.645

Fed speaks tomorrow so I expect any move to occur tomorrow possibly during or just post speech usually around 1500 GMT I believe.

Given increased confidence on strong intraday rally off lows, where could extra orders be triggered?


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