Cable is in a very strong downtrend with a extreme low at target of 1.3835 (confluence of a 5th wave extension + 2 fib extensions of swing highs and lows.
At the same time we have bullish RSI divergence appearing on H3, H4 and H8 charts. With this in mind, longs target; - TP1 1.4030 3:1 reward risk (1:1 risk reward from current levels) - TP2 1.4250 6.8:1 reward risk (3.3:1 risk reward from current levels)
Below 1.3900 puts this scenario at risk Phase in 3x reversals below 1.3830 for moves into 1.3760 for break even and moderate profit