Cable is in an uptrend.
Chart below:
Price has pulled back to form a double bottom.
Price has now moved back above the averages and I am looking for a long position as detailed below.
Levels and chart below:
1st Entry: 1.6030
2nd Entry: 1.6020
Averaged entry: 1.6025
Stop Loss: 1.5995
1st Target: 1.6175
2nd Target: 1.6300
I will update again should the position be opened.
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