Cable squeeze

Dear Dynamic Traders,

Welcome to week 51 of 2008. Hope you all had a fulfilling weekend.
Clayton has talked about the USDCHF and I am going to talk about the 2nd musketeer, the Cable.
The 240 chart posted below shows a squeeze formation. There is close proximity to a strong figure. Normally the pair works conversely to the USDCHF. Wait for a BOB and employ the filter technique to avoid a FB-O.














Good trading
Bijal Shah

"When I let go of what I am, I become what I might be."
Lao Tsu

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