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Dynamic Trader Blog - Forex Chart Pattern Signals

Thursday, July 26, 2007

Cable

Chart courtesy of Metastock. Data provided by Quote Center. Daily GBPUSD Chart.


The Daily Cable has been looking weak recently and the sell signal based on one of my strategies has now produced a good size profit. If this continues in the downtrend then look for suitable opportunities. However, we usually have a retest of previous highs before we have a directional reversal.