Further downside for Cable
Due to a strong dollar on the larger timeframes on the DXY. I'm expecting GU to move further down. Currently on the hour timeframe there are signs price is overextended to the downside and maybe due for a pullback into resistance at the Order Block.
However, if price creates a new low before retesting resistance at the OB then the trade will be invalidated.
There are two trades you can choose from. Please manage your risk carefully.
However, if price creates a new low before retesting resistance at the OB then the trade will be invalidated.
There are two trades you can choose from. Please manage your risk carefully.
Note
The trade is still valid until further noticeTrade closed: target reached
Excellent trade, I hope everyone caught it. I'll hopefully update with more trades later.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.