GBPUSD, Cable Throws in a Pin Bar Sell Signal

The GBPUSD , Cable, Great British Pound vs US Dollar has formed yet another sell signal after the FOMC last night.
We cant help but feel that there is further Falls to come here on the Cable, given the prevailing trend is down and the degree of severe sell pressure we have seen over the last 2 weeks. The overnight pin bar reversal candlestick signal formed at the logical resistance level near 16420, and forms a confluent short trigger. the target is 16120′s and then 15990′s

cablechart

nial said,

September 26, 2009 @ 4:14 pm

Well this one certainly came off well!
Nice 500 point down move here on Cable, GBPUSD.

Victor said,

September 28, 2009 @ 7:26 am

yeah that was some nice move but i was scared to take the trade as it was my first time on this website and btw i had incured some huge losses i almost had a margin call..lol.
would love to join the forum and also learn to trade price actions. but what i have in my account is less than 200$. no doubt nial is good at what he does. some haters criticizing him on forexpeacearmy should have seen the sell signal he posted before it happened. the only way i can register for this course is to give my account a face lift,withdraw and then join this. cheers nial, you’ve really got something good going on here.
Victor Umar

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