CABLE (GBPUSD) POTENTIAL LONG
AS YOU CAN SEE..
1. CONTRACTION PHASE
2. EXPANSION PHASE
3. AWAITING ON TREND PHASE TO BEGIN
SEEING HOW THIS PANS OUT TOMORROW ON THE BREAKFAST BREAKOUT I WOULD BE EXPECTING TO SEE THE PRICE MOVE BACK UP AND GIVE US A BUY TRIGGER OF 1.22148 WHICH IS IN LINE WITH THE AVERAGE PRICE LINE FROM THE CONTRACTION PHASE.
A TIGHT STOP LOSS JUST BELOW THE NEW LOWEST LOW
A TARGET PROFIT OF 1.2400
THANKS FOR READING
1. CONTRACTION PHASE
2. EXPANSION PHASE
3. AWAITING ON TREND PHASE TO BEGIN
SEEING HOW THIS PANS OUT TOMORROW ON THE BREAKFAST BREAKOUT I WOULD BE EXPECTING TO SEE THE PRICE MOVE BACK UP AND GIVE US A BUY TRIGGER OF 1.22148 WHICH IS IN LINE WITH THE AVERAGE PRICE LINE FROM THE CONTRACTION PHASE.
A TIGHT STOP LOSS JUST BELOW THE NEW LOWEST LOW
A TARGET PROFIT OF 1.2400
THANKS FOR READING
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