Friday, December 07, 2012

Cable Update: Friday 7th December 2012 04:46hrs

Cable:

Price action has been rather flat over night and the orders I placed have not been triggered

The levels remain valid, I just need to be patient and wait for price to fall into my trap.

Chart below:


There is news out today in the form of US Non Farm Payrolls.

Price action tends to be slow in the run up to this data.

I would like to be in the position and with the stop at break even before then.

I will update again around 10:30 this morning.

Have a good morning

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