Hey Guys,
The Cable likely to extend its bullish momentum on GDP figures.It has been rising from Mid March & soon you guys will see an exhaustion on this pair make sure we are ready to grab valuable pips.The pair major continued scaling higher and refreshed multi-month highs. Spot prices held above the 1.2900 handle as traders now look forward to the first estimate of the UK GDP growth figures for Q1 2017.As the reading is negative upside risk is minimum but the pair can refresh multi months low in the year ahead.
Technically, the pair seems to have confirmed a fresh break out and is trading above a strong hurdle, marked by 61.8% Fibonacci etracement level of 1.3445-1.1980 Down slide.On the flip side, immediate retracement below 1.2885 level might now find some fresh buying interest at a previous resistance, now turned support, near 1.2860-50 zone. Weakness below this immediate support levels might prompt additional profit taking and drag the pair back towards the 1.2800 handle, which if broken might impugn near-term bullish bias.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing Forex Team
The Cable likely to extend its bullish momentum on GDP figures.It has been rising from Mid March & soon you guys will see an exhaustion on this pair make sure we are ready to grab valuable pips.The pair major continued scaling higher and refreshed multi-month highs. Spot prices held above the 1.2900 handle as traders now look forward to the first estimate of the UK GDP growth figures for Q1 2017.As the reading is negative upside risk is minimum but the pair can refresh multi months low in the year ahead.
Technically, the pair seems to have confirmed a fresh break out and is trading above a strong hurdle, marked by 61.8% Fibonacci etracement level of 1.3445-1.1980 Down slide.On the flip side, immediate retracement below 1.2885 level might now find some fresh buying interest at a previous resistance, now turned support, near 1.2860-50 zone. Weakness below this immediate support levels might prompt additional profit taking and drag the pair back towards the 1.2800 handle, which if broken might impugn near-term bullish bias.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing Forex Team
노트
Long Setup노트
weekly perspective 15-may-19-may-2017.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.