Cable might pull back before moving higher
Updated
It looks like the cable topped out last Friday. We might see a pullback past the 50% retracement of the last leg up.
I will enter at the 61,8% retrace as that's where the kijun sen will probably offer support.
My stop will be below the last swing low. Take profit target is set at an older resistance that is clear on the weekly chart.
I will enter at the 61,8% retrace as that's where the kijun sen will probably offer support.
My stop will be below the last swing low. Take profit target is set at an older resistance that is clear on the weekly chart.
Order cancelled
Will place new adjusted long order
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