Strange is our situation here upon earth commented Einstein after...I think he should have been following Cable daily.
After yesterdays rate cut cable taken up prediably,then retraced beyond the lows of the day.
This morning I was mildly bearish.
From the chart below when the market failed to reach the median line I went short at 1.9873. Cease was 10 pips above. Market fell and I moved my stop to breakeven. It moved up to retest the lower paralel and ceased me out for a 6 pip profit.