JW2864

CABLE (GBPUSD) POTENTIAL LONG

Long
FX:GBPUSD   British Pound / U.S. Dollar
AS YOU CAN SEE..

1. CONTRACTION PHASE
2. EXPANSION PHASE
3. AWAITING ON TREND PHASE TO BEGIN

SEEING HOW THIS PANS OUT TOMORROW ON THE BREAKFAST BREAKOUT I WOULD BE EXPECTING TO SEE THE PRICE MOVE BACK UP AND GIVE US A BUY TRIGGER OF 1.22148 WHICH IS IN LINE WITH THE AVERAGE PRICE LINE FROM THE CONTRACTION PHASE.
A TIGHT STOP LOSS JUST BELOW THE NEW LOWEST LOW
A TARGET PROFIT OF 1.2400

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