14 March 2015

GBP/USD : Major Collapse

  • Cable closed the week at 1.4735.
  • This is below the 2 very significant lows at 1.4951 (daily) and 1.4812 (monthly/weekly).
  • Thus, am looking for a major collapse in cable here, order of magnitude of tens of big figures.
  • As always, vital not to get carried away with too large a position size. 

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