مشاركة: ارجو التعليق ......
FX Thoughts - Exit EURUSD Short - 14/11/05
1128 IST or 0556 GMT or 0056 EST
$-Swiss @ 1.3073/8....Holding unambitious Long
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R: 1.3118-22 / 1.3136
S: 1.3076 / 1.3041-34 /
Dollar-Swiss has been consolidating sideways between 1.3034-3177 for quite a few
days now. Difficult to say whther this is the beginning of the next leg of the
upmove (as we have been hoping for), or a corrective downmove towards 1.2957.
Immediate and Important Support at 1.3076. If that breaks, look for a further
fall towards 1.3030 and 3001.
While the Support at 1.3075 holds, we might see a small bounce towards
1.3100-10.
Holding:
$25K Long at 1.3083, SL 1.3030, TP 1.3111
Cable @ 1.7443/48....Consolidating sideways?
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R: 1.7462-76 / 1.7500-20
S: 1.7425 / 1.7394
Like the Euro, the Cable is not breaking down, making Short positions difficult
to hold. Immediate and important Resistance at 1.7462-76. While it holds, we may
hope for a dip towards 1.7425 and 1.7405. But, in cse the Resistance is broken,
a further rise towards 1.7500-20 may take place. On the 4-hour chart, the Cable
seems to be consolidating sideways between 1.7327 and 1.7518.
Holding:
GBP 15K Short at 1.7400, SL 1.7490 or 1.7420, whichever comes earlier.
Basically, we are looking to exit the position.
