SaxoTV

Coleman: Reeling in Cable

304 views
February 26, 2015 cable, cable dollar, dollar, dollar index, foreign exchange, foreign exchange market, forex, forex 2014, forex 2014 outlook, forex and more, forex audusd, forex buying, forex eurusd, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trade ideas, forex trading, forex trading 2014, forextrading, fx, fx award, fx changes, fx changes', fx crosses, fx eurgbp, fx eurjpy, fx exchange, fx forex, fx gbpusd, fx interbank markets, fx investing, fx market, fx markets, fx options, fx pound, fx regulation, fx saxo bank, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx tradinging, fx trends, fx volatility, fx volatitily, fxallocationmodel, fxfx, fxfxfotrex, fxmarkets, fxmonthly, fxoptions, fxspot, fxtrade, gb, gbp, gbp eur, gbp falling, gbp trading, gbp trading 2014, gbp usd, gbp weakening, gbpeur, gbpeur 2014, gbpusd, gbpusd 1.70, gbpusd 2014, gbpusd labour day, gbpusd record high, gbpusd trade idea, gbp¨', index, indices, saxo tv, tradingfloor.com, u8s, us, us dollar, us economy, us jobs, usa, usd, usdeur, usdjpy
Ian Coleman is looking for opportunities in Cable. His call is to sell at 1.5560 with a stop at 1.5590. Targets: 1.5530 and 1.5495.  

Ian spells out his reasons as: 
1. Trading at 8 week highs and overbought.
2. Trend of higher highs seen at 1.5560, possible Ending Wedge
3. Intraday 161.8% Fibonacci extension at 1.5560 from 1.5331-1.5474
4. USD INDEX also at a 161.8% extension of 94.15 so should pullback (Index higher , GBPUSD lower)
5. DeMark highlighting a 10 count of the 1 hour, 13 is exhaustion
6. UK GDP figures at 9.30 (UK), likely the catalyst.