On two separate occasions within the month I've noted the shifting trend on the CABLE/DOLLAR.
First, on August 29th I wrote that after finding support around 1.2690, Bulls were now in position to bid up the market. I was neutral then, but as I posted again on September 12th I noted that I actually missed my signal to go long that was issued on August 24th. As annoying as that was, I was still able to get in at a fairly decent price that same day @1.29924 although because I got in late my R/R is not so awesome at 0.97.
The pair blew through target 1 which was at 1.3100 and 219 pips from the August 24th signal entry. I'm currently holding about 220 pips in profit from my actual entry on September 12th.
The second target, if Bulls can actually push through the 1.32 handle, which is also the top-side of the most recent supply zone and close to the 161.8% extension level, is @1.33195.
First, on August 29th I wrote that after finding support around 1.2690, Bulls were now in position to bid up the market. I was neutral then, but as I posted again on September 12th I noted that I actually missed my signal to go long that was issued on August 24th. As annoying as that was, I was still able to get in at a fairly decent price that same day @1.29924 although because I got in late my R/R is not so awesome at 0.97.
The pair blew through target 1 which was at 1.3100 and 219 pips from the August 24th signal entry. I'm currently holding about 220 pips in profit from my actual entry on September 12th.
The second target, if Bulls can actually push through the 1.32 handle, which is also the top-side of the most recent supply zone and close to the 161.8% extension level, is @1.33195.
