Guys, I hope you got your pips out of Cable's move. I took profit just below my 1.4800 target - after a nasty reversal - but the trade netted 3% account so more than happy.
The reason I write is an over-extension on AUDUSD which I entered short a pair of hours back and it has dropped significantly since.
I haven't got the connection to go into detail right now but look at the 1H chart and you will see that it's daily pivot has been missed and earlier it soared right through R3. My stop loss is above the last recent high (50 pips or so at the time of entry) and it may well still test this before a concerted effort back South but I think it's worth a look.
I will post charts later.
Sorry for falling behind the curve on this one. R.
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