GBP/USD - Support from "Cable"
I am looking to go long on the trade as it is on a trend line and on a support line. On the hour chart, you will find that the price has started to rally but one must also keep in mind that there is some high impact news that will be released later today that will affect the dollar...
- ENTRY (buy): NOW!
- STOPLOSS: 1.2600
- TARGET PRICE 1: 1.3100
- TARGET PRICE 2: 1.3400
Remember... trade responsibly, your capital is at risk and trading can lead to capital losses.
Until next time, I wish you profitable trading.
All charts sourced: Bloomberg
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