Cable is in a down trend.
Chart below:
On the back of the inflation report price has broken down through the averages allowing a short position to be considered.
I am looking to enter short as detailed below:
Levels and Chart below:
1st Entry: 1.5220
2nd Entry: 1.5230
Averaged Entry: 1.5225
Stop Loss: 1.5250
Target: 1.5100
Chart below:
I will update again should the trade be triggered.
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