Pound Inggris / Dollar AS
Penjualan

Shorting the Cable

The cable has been in a bearish trend for some time now, there's been no fundamental news to break the trend and with the mortgage data coming out at 9.30am today I'm looking for a short trade.
Set my SL at 1.2400, outside of the resistance level on the M30 and allowed 20-30 pips TP around the 1.2340-1.2330 area. Support is at the 1.2317 level. Unless there is some startling good news for the UK motgage sector we should be ok for some profit.

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