Thursday, June 23, 2016

#TSOT - POST BREXIT - #USD Shifts HIGHER

Expecting a market shift as mentioned in our ' Contrarian Market Approach for #CABLE', and after all is said; the USD recovery @94.80 and a huge price swing for the GBPUSD  @1.4000 was seen in the Asian session. CABLE's 1.4880/90 tech level from a 1.5017 high; was in line with fundamental reports which gave way for the price swing which covers the wide range from its HI/LO. This is closer to a 1000+ wide pip range. And the probability of a closing price across the European majors & the DXY would be within the mid-range of the ATR for the week.


"When CABLE does move higher, watch the price levels @1.4880/90 that may find some price session pullbacks. As the end of the week and 2nd quarter trading may still add volatility in both directions for position adjustments."
...excerpt - Contrarian Market Approach for CABLE.

1 comment:

  1. Asia's underlying uncertainty may spill-over a negative contagion towards the US market. Investors are cautioned!
    https://twitter.com/MegaTrade101/status/746211295087628290

    ReplyDelete