I’m sure I’ve bored you ad nauseum with my long cable trading ideas but it has been good to me this year and I think the time is ripe to increase the risk. I’m buying a decent chunk at 1.5850 and I have an initial stop on this at 1.5685.
EUR/USD feels really oversold to me but I’m not brave enough to buy it; AUD/USD also feels oversold in the short-term at least but again I’m nervous about being long AUD/USD; that leaves cable as the ‘safest’ long in my opinion.