Looks like the pound has retested the bottom of this mid term trend.
Placing a BREAKOUT long above the current 4HR candle with a target at the top of the range makes sense.
Expecting cable to stay range bound for the foreseeable future, at least until we can discern whether the UK will have a hard or shallow recession.
Placing a BREAKOUT long above the current 4HR candle with a target at the top of the range makes sense.
Expecting cable to stay range bound for the foreseeable future, at least until we can discern whether the UK will have a hard or shallow recession.
Trade active
As of 14:52 we have seen a nice move up. If want, move your entry to break even OR adjust your SL accordingly.Trade active
You should actively take profit on this position.Manage your risk accordingly.
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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.