Wednesday, December 8, 2010

Cable's 180-pips concrete zone



This posting is for short term trading opportunities. A close above 1.58376, which is currently proving difficult to break, is the gateway to the top. Furthermore, our concrete zone for now is 1.56535 to 1.58376 (about 180 pips). If prices fails to break 1.58376, keep an eye on M15 for opportunity to short. Until the daily opens and closes outside 1.58376, the zone is still valid.

Happy trading!

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