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Retail Trader Positioning 7th November – Intervention what intervention?

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Mon, 11/07/2011 - 10:04 | 1852779 Orly
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The GBPUSD pair has reached a point on the chart whereby it will naturally attempt to re-enter a long-term down channel.  The downside move from here could be fairly impressive.

I don't know if the Global CBs are ready for that to happen just yet, or even whether they have the power to do anything about all these balls in the air at once.  Either way, expect the pair to naturally try to tank with gyrations of an unnatural aspect thrown in just to make the home-gamers lose theiry shirts.

Watch the Cable and bet short.  Keep it high and tight.  It's going to be interesting.

:D

Mon, 11/07/2011 - 04:45 | 1852288 boyplunger
boyplunger's picture

no strong long huh!

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