Tuesday 14 February 2012

GBPUSD new long entered.


I've just entered a long position in Cable with an additional buy order around 1.56700 to build into a position with a tight stop around yesterday's low.  We have a nice hammer set-up on the 4hr candle around key support levels including the 38 Fib and if we can pick the low of this swing there is potential for good upside.

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