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Long

CABLE LONG! REASON TO LONG SHORT TERM.

FX:GBPUSD   British Pound/U.S. Dollar
27 1 0
CABLE IS INTERESTING! THE STRUCTURAL LOW OF THURSDAY 1.5017 HAVE FAILED TO SELL.
ON FRIDAY WE SAW A NICE PULLBACK TOWARDS 1.5080 BEFORE THE WEEK CLOSE.
THIS WEEK OPENS WITH A GAP UP AND PRICE HAVE TRADED AGAIN THIS STRUCTURE WITHOUT THE DESIRED CAPITULATION.
WE ARE GOING LONG IN SHORT TERM ABOVE 1.5034 WITH A STOP PLACED BELOW THE BIG FIGURE 1.5000.
OUR TARGET IS THE HIGH OF TUESDAY LAST WEEK.1.5220
closed GBP long position
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