Cable is in an up trend.
Chart below:
Price has pulled back to the Weekly Pivot Point and the 50% Fibonacci level
Chart below:
Price has this morning broken back above the averages and I am looking for a long position as detailed below.
Levels and Chart below:
1st Entry: 1.5620
2nd Entry: 1.5610
Averaged Entry: 1.5615
Stop Loss: 1.5580
Target: 1.5790
I will update again should the position be opened.
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