charts247

CABLE LONG! REASON TO LONG SHORT TERM.

Long
FX:GBPUSD   British Pound / U.S. Dollar
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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.