Cable is in an ascending wedge.
Chart below:
I am looking for a long trade.
Price has broken up through the averages and I have two orders to buy cable as detailed below.
Levels and Chart below:
1st Entry: 1.6065
2nd Entry: 1.6055
Averaged Entry: 1.6060
Stop Loss: 1.6025
Target: 1.6235 (5%)
I will update again if the trade is triggered.
Regards
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