Cable is in an up trend.
Chart below:
Price has pulled back to the 50% Fibonacci Level where it has found support off of a previous resistance level.
Price has now moved back up through the averages and I am looking for a long position with the trend.
Levels and chart below:
1st Entry: 1.5545
2nd Entry: 1.5535
Averaged entry: 1.5540
Stop Loss: 1.5500
Target: 1.5740
I will update again should the position be opened.
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