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Delilasdad
Sep 2, 2016 9:17 AM

Cable Long , buy off trendline support  Long

British Pound/U.S. DollarFXCM

Description

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 !

Comment

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 ..
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