CABLE vs. CCY Correlated Pairs: The
comments made by BoE Governor Carney over the weekend was again not
surprising enough as recurring news on interest rates which added some
stability to the decline of the GBPUSD around its low @1.6690. And
then prompted a price recovery of Cable as seen in the Asian opening
sessions today.
Price Action on Cable has been defined since touching its peak price @1.7192 and the current low @1.6690. Easy to say after the fact! Right? Although anticipating such decline were a classic setup for those who happen to be more familiar with our three (3) way swing position trade which we have posted before. This also is part of the CIPHER3 Swing strategy applied as a counter-trade against a current trend that has a stronger potential for a price reversal, but not necessarily a trend reversal. Likewise, keeping a keen unbiased trading analysis that could balance risk management over market potential and calculating market exposure is essential while trading any relative markets. Click here
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For Current Valued Clients & Qualified Asian Investors in the Financial Markets including US Stocks, Commodity & Foreign Exchange Private Banking Level:
A 3rd Quarter Financial Market Brief would be conducted in Manila, Phil. on 'How to Effectively Access & Take Advantage of Current Market Conditions'. This is a three (3) hour Open Financial Forum Discussion on How it would Effectively Benefit You as an Investor.
Venue, Date and Time would be sent by invitation upon email of your interest at info@megatrade101.com
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