Saxo Group Videos

Coleman: Extending trade in Cable

Ian Coleman is planning a trade in GBPUSD. With the Dollar Index breaking to the downside in an Ending Wedge formation, trend line support is at 100.00 and bespoke support at 99.94.

This is reflected in GBPUSD with a move to the upside to 1.5000, a bullish Outside Bar on the 6 hour chart and no indication of a rally ending.

Previous swing high at 1.5136

Bespoke resistance at 1.5146

Buy at market

Target: 1.5146

Stop: 15060

Day trade with sellers returning at 1.5136 -1.5146 zone

https://www.tradingfloor.com/about/full-disclaimer

01:34 minutes
Tags: foreign exchange, forex, forex 2014 outlook, forex buying, forex eurusd, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex trade idea, forex trading, forextrading, fx, fx award, fx crosses, fx forex, fx interbank markets, fx investing, fx market, fx markets, fx options, fx saxo bank, fx spot, fx strategy, fx strategyf, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx volatility, fxmarkets, fxoptions, fxspot, gb, gb group, gbgb, gbgbgb, gbp, gbp eur, gbp falling, gbp trading, gbp trading 2014, gbp trading 2015, gbp usd, gbp usdg, gbp weakening, gbpaud, gbpcad, gbpchf, gbpchf november 2008, gbpeur, gbpeur 2014, gbpjpy, gbpusd, gbpusd 1.7, gbpusd 1.70, gbpusd 2008 october high, gbpusd 2014, gbpusd 2015, gbpusd five year high, gbpusd labour day, gbpusd oct 2008 high, gbpusd record high, gbpusd trade idea, us, us banks, us bonds, us budget, us central bank, us congress, us data, us debt, us debt ceiling, us dollar, us dollar bulls, us dollar index, us dollar index bullish, us dollar rise, us economic data, us economy, us economy gdp, us economy improving, us equities, us equity market, us fed, us fed rate hike, us fed rates, us federal, us federal reserve, us federal reserve monetary policy, us federeal reserve, us gdp, us government, us government shutdown, us growth, us housing, us housing data, us job data, us jobs, us jobs data, us jobs figures, us jobs market, us jobs reports, us non farms, us non-farm payrolls, us politics, us rates, us recovery, us shutdown, us stock market, us stocks, us treasuries, us unemployment, usa, usa economy, usd, usd eur, usd index, usd jpy, usd strength, usda, usdaud, usdcad, usdcad trading, usdchf, usdchf bull, usdchf bullish, usdcny, usdeur, usdgbp, usdgdp, usdjpy, usdjpy currency, usdnzd, usdrub, usdusd, usus, xau, xauf

Switch to