Potential for a lot more upside on cable but there may be a retracement first. Swift volatility expected today at ECB announcement (12:45 UK time).
Move stops to BE. Watch for a bounce off trendline. Potential to add to this trade if it breaks and forms a flag below.
Potential to add to this trade now valid. Await an uptrend correction similar to the one that opened this trade and await a break to the downside. Once opened, stops should be above the trendline beginning 15/09.
+340 pips! Flag now forming. Sell the break. The downtrend will likely continue to test the low of this chart (1.2866).
Trade closed manually:
Closed at 12290 due to price action now looking bullish. Over 1000 pips profit.