Friday, February 03, 2012

Cable: Sign of Revesal

The pair broke the rising trendline as the market responded the NFP data. My initial target around 1.5550 remain unchanged for now.

Review of initial entry
Looking back a few days, the pair went against me. I managed to gain some pips yesterday and have minimize my exposure.

At the moment I still hold my initial short position and I added another short. I'm hoping that it will reach my target next week if not tonight.

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