Following a Sell-Off at the tail end of last week, I'm expecting to see Cable recover some of its losses. We can see a new higher-low and now expect to see a higher-high developing. A continuation on the ascending trend. Following my current trading set-up, we will be aiming for a 1:6 Risk to Reward Ratio. Remember to use Risk Management correctly. I will not be risking more than 3% of my account per trade.
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For more information on managing risk, please do not hesitate to contact me.