Daily Cable Forex Strategy for Aug 11th 2010

July 27, 2011 by  
Filed under Forex Trading Strategies

Probable 5th wave extension would allow a pullback to point of extension at 1.5470-1.5550 before a stronger retest of the 1.5995 peak.

Weekly Forex Strategy For Cable Aug 7th 2010

September 5, 2010 by  
Filed under Forex Trading Strategies

Strong uptrend is consistent with our view for a challenge of 1.7040 and eventual C = A 1.7750 target. This allows a swing to about 1.6585 for this rally b-4 correction. Be wary a failure at 1.6420 to through market into a triangle pattern. Only a direct loss of 1.5590 argues an early reversal.