Due to weakness in the greenback, cable have broken through the 0.382 Fib ratio resistance and is currently testing the channel resistance and 0.5 Fib ratio. I am expecting a pullback to the 0.382 ratio before it continues its bullish momentum.
Although a fake breakout remains a strong possibility, as demonstrated in cable's previous failed attempt to breakthrough the 0.786 Fib ratio / channel resistance, I remain biased towards the upside. This is supported by the bullish flag + falling wedge formation on the 4hr chart, despite the recurrence of negative Brexit & UK economic sentiments.
Trade: Buy-limit at 1.28620 (0.38 Fib), T/P at 1.29607 (0.786 Fib), S/L at 1.28124.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在
使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在
使用條款閱讀更多資訊。