Expecting a sell off in Cable going in to the Greece Referendum
Despite the ongoing turmoil going on in Greece as we speak. I am expecting this sell off to continue going ahead in to this week. I'm abit late in to posting this despite already having a position in but there is still further downside pressure to be realized.
Am aware alot of people are still biased on this pair to the long side but clearly that upwards trend has been broken and then re-tested the red area which failed to make a new high of any significance. Because of this i am expecting to go short with a expected price target of 1.5400 and a further 2 CS levels beneath it.
Am aware alot of people are still biased on this pair to the long side but clearly that upwards trend has been broken and then re-tested the red area which failed to make a new high of any significance. Because of this i am expecting to go short with a expected price target of 1.5400 and a further 2 CS levels beneath it.
