Peet_Serfontein

Pair trade: ABG to outperform INL?

Long
ABG/INL  
ABG/INL  
A price action above 1.3440 supports a bullish trend direction, whereby ABG is likely to outperform INL.
Further bullish confirmation for a break above 1.3825.
The target price is set at 1.5375 (its 23.6% Fibonacci retracement level).
The stop-loss price is set at 1.2660.
The trade idea is regarded as a counter-trend strategy and remains risky.

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