Enter off of the Weekly 100 EMA around 1.25500 area of support.
SL at 50 pips
Full TP around 200 pips
Confluences- We have the weekly 100 EMA as a heavy support area, on the weekly timeframe cable is bullish, therefore this move plays with the trend. I previously posted for a reaction around the round number but, due to two 100 ema's (daily and weekly) being only 50 pips apart, I'd rather go for the safer buy off of the weekly support area.
SL at 50 pips
Full TP around 200 pips
Confluences- We have the weekly 100 EMA as a heavy support area, on the weekly timeframe cable is bullish, therefore this move plays with the trend. I previously posted for a reaction around the round number but, due to two 100 ema's (daily and weekly) being only 50 pips apart, I'd rather go for the safer buy off of the weekly support area.