LONG CABLE: TRENDING HIGHER
GBPUSD Refuse to make a low after Friday sellof.
We are obviously anticipating the low of 1.5164 to be broken, but the market turned around and took the structure high of 1.5440. (this point is a critical Turning point)
Here we are going long, with anticipation that the pair will continue trading higher, and the high of 1.5693 is the first target.
After this level we expect price to break the high of 1.5814
Stop loss: 1.5390
GLT
We are obviously anticipating the low of 1.5164 to be broken, but the market turned around and took the structure high of 1.5440. (this point is a critical Turning point)
Here we are going long, with anticipation that the pair will continue trading higher, and the high of 1.5693 is the first target.
After this level we expect price to break the high of 1.5814
Stop loss: 1.5390
GLT
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.