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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.