Price closed under pivot but with stochastic in oversold area was better to stay away or trade the bounce.
Tuesday, 7 February 2012
Cable - GbpUsd
Cable is looking a touch heavy here. Will look to sell on a 30 min close under the daily pivot - 1/2 unit. Add to full unit on 60 min close under 1.5785. Initial Stop 38 pips.
Price closed under pivot but with stochastic in oversold area was better to stay away or trade the bounce.
Price closed under pivot but with stochastic in oversold area was better to stay away or trade the bounce.
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