Description
⋅ Looks like the pound has retested the bottom of this mid term trend.
Placing a BREAKOUT long above the current 4HR candle with a target at the top of the range makes sense.
Expecting cable to stay range bound for the foreseeable future, at least until we can discern whether the UK will have a hard or shallow recession.
Trade active
⋅ As of 14:52 we have seen a nice move up. If want, move your entry to break even OR adjust your SL accordingly.
Trade active
⋅ You should actively take profit on this position.
Manage your risk accordingly.