Cable Long , buy off trendline support
Updated
Cable been smashed in prvious weeks and has made a solid recovery. The UK economy is strong and in my opinion the pound is very much undervalued. Obviously we have NFP to consider today , so a pullback to the trendline would be great. If the NFP number is +200 to 280 , then its a fake out and all bets off. Happy trading, first post so be gentle !
Note
So we are 150 pips up , stop to break even , resistance at 134.43 , might be worth taking some of your position off the table or trailing up . If we can blow through 135 my original PT then im letting this run . Great trade ..
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.