Looking to go long Cable now at 1.8644.
good call on eu cad omni,enjoy those pips.![]()
nice one here if she breaks. anyone have any idea whats going on with igindex, can find the chart for usd/nz but cant find it in their trading interface? i am tired maybe im being stupid.
Portomar I have it on IG. Just type in NZDUSD in the finder.
found it when i searched. weird one, couldnt see it in any folder. sin é. anyone else spying any weeklies????
not sure if i got this right but...
2 inside bars forming at 5445 s/r on 1hr tf
triangle forming on 5min tf with price being forced into apex.
i think that suggests a breakout of this range? So will look for some price action to support this further.
Edit - sorry should mentioned that if i am right i would expect this to break to the downside as a continuation of the recent trend.
Simon CS, I did wonder about a reversal now - FTSE seems to have hit resistance from an earlier downward trend - see attached.
What do you think?
Edit: I have to admit I wouldn't bet on it either way till I saw a break out from the current sideways trend.
SimonSC, I'm thinking this is the start of a long term reversal... what's your opinion?
Thanks for your thoughts Simon. I would bet I know less than you, but if it's worth anything, I happen to agree with your opinion. From my point of view, it's nice to know that I'm thinking along similar lines to those who are more experienced than myself.
I went short at 5482, and then changed my mind - should have stuck with it![]()