theselfishtrader

Cable - Inside bar play. Which way will it go?

Long
FX:GBPUSD   British Pound / U.S. Dollar
Cable has retested previous resistance and subsequently formed an inside bar .
The aggressive move is to go with the break of the inside bar .
Conservative trade is to go with the break of the "mother" bar.

Targets are the dominant swing high or recent lows.

I am biased to the upside on this pair.

Comments

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