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Woot, and you think the cable’s gonna stop there?

Dan, Pete and I were discussing about the cable and what direction it’s going to take a day ago. Whilst Dan kindly drew a chart to explain to a beginner like me what will happen, Peter B derive at the same prediction. I’d be sharing a chart which Dan has done.

If you look closely on what Dan has produced on the right, the cable was side tracking below 19610 - 19614, and it was waiting to break the trendlines to reach the old February height of 1967x. The US Interest Rates annoucement shove it rightup to break the lines since the rates remained unchanged as shown below.

Good trade, since I’ve cheated trading with a laptop at work and having another position opened at home, it’s another 140 pips (I know I shouldn’t) and will be moving my stop loss to the positive territory to wait for the next push on GBP Retail Sales, which is forecasted to do better as well.

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