The Cable | Trading plan for the week
The SNAIL:
Price is currently on the lower half of the Fibonacci retracement scale. Expecting lower movement to the 0% short term Fib line. Price will have to break the current trend support in order to go bearish to 1.34530 price level. This is very likely on account of a stronger Dollar.
Otherwise it is now a great time to enter long up to the 78.6% Fib line (1.35800 price level).
Price is currently on the lower half of the Fibonacci retracement scale. Expecting lower movement to the 0% short term Fib line. Price will have to break the current trend support in order to go bearish to 1.34530 price level. This is very likely on account of a stronger Dollar.
Otherwise it is now a great time to enter long up to the 78.6% Fib line (1.35800 price level).
Comment:
Good break.
Trade closed: target reached