I'm a little late with this one but it is a risky trade considering cable is bearish
right now but a pattern is a patters and 1.5000 is a psychological level, so because of that and the combination of an oversold RSI
with bullish divergence
, it's a pretty good reason to go long. Stops are at 1.4980. If it doesn't work out 30 pips ain't gonna kill us considering we are already up 380 pips so lets see what happens.
Weekly Vidoe: https://www.youtube.com/watch?v=1lVEVqqU2qc