Sunday, February 28, 2010

Cable Falling wedge

Last week was a whirl. I got stuck at Cape Town airport on my way to George. It seems George was closed because of rain and fog. For non SA readers George is a town not a person.

On Thursday and Friday i was conducting a seminar in forex trading in Canary Wharf, London.
Tom and I had a very good week in the www.whichwaytoday.com trading room.

The cable has fallen in a wedge pattern which defined exact support on Friday afternoon.
I shall be looking for a long entry on weakness on Monday morning if the technical situation remains the same . I will report it here as it happens.

Have a great trading week.

1 comment:

  1. that wedge formation could be under pressure david.cable certainly looking weak.

    ReplyDelete