This is a swing trade setup. Cable is moving closer to retest previous broken trend line, and a bullish harmonic pattern is forming. It depends on one’s risk tolerance, I prefer to build entry near trend line. Still watching for now. I expect some reactions at the trend line retest.
Here is the … CHART!
Edmund Peh says
Pound seems to be consolidating and preparing for the next move, possible usd strengthening across the board, see eurusd