GBPUSD - nobody loves me ?
I know this looks like catching a falling knife
But when someone has to try it, so I will try. There is no reversal pattern, no positive divergence and no support.
It is just my hunch, Cable has fallen hard so far, almost in a straight steep line and has broken the previous 3-4 times supports. And most likely this will act as resistance, but with RSI really oversold like in Oct11 and Jun12, and 50d and 200d MA that far away like 7000-8000 pips I think I will take a punt for a rebound trade until the resistance line.
I bought today @ 15030 and 14995 and most likely every 50 pips lower some more (to hurt my hand with the falling knife a bit more).
Can't wait
happy trading
KP
But when someone has to try it, so I will try. There is no reversal pattern, no positive divergence and no support.
It is just my hunch, Cable has fallen hard so far, almost in a straight steep line and has broken the previous 3-4 times supports. And most likely this will act as resistance, but with RSI really oversold like in Oct11 and Jun12, and 50d and 200d MA that far away like 7000-8000 pips I think I will take a punt for a rebound trade until the resistance line.
I bought today @ 15030 and 14995 and most likely every 50 pips lower some more (to hurt my hand with the falling knife a bit more).
Can't wait
happy trading
KP
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.