Lay-Z
Long

$$$CABLE Next LEG UP?

FX:GBPUSD   British Pound/U.S. Dollar
272 2 5
---Another Possible LEG up for Cable.?

---We can see through correlating with may different pound pairs
over the past week, pound has gained strength.
Cable itself has been breaking through many structure.

---most recent structure breakout out was around 1.31344.

---Price has currently Broken Resistance around 1.31660 and Closed above 50% fib levels

-- It has then re-testing the resistance turns support and fib level, failure to close below may lead to a rejection
where we may see cable end up re-testing higher timeframe structure and resistance around 1.32583 and 38.2%
Trade active
Comment:
snapshot
Price breaks 132,168 and we are hiting 1.32478
Trade closed: target reached: Target HIT n out
snapshot
Trade closed: stop reached: Alright target hit as posted am aiming for the re-test of 38.2%,
snapshot
Trade closed: target reached: Target Reached Not Stops***
Great trade pal analysis on point :)
+1 Reply
Lay-Z jackmyattFX
cheers
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