Looking likely that cable is going to test the 382 levels again. Hopefully today it will bypass them and we can look towards a large bullish move. Nice closing on the candles and is continuing to rise.
I have entered the trade at 1.2549.
SL - 1.2520, tight stop loss I know but bypassing this price I think will mean a continuation to the downside.
No TP set as will be keeping an eye on this. Potential big bullish move.
Trade closed: stop reached:
Closed this off with a 20pip loss. Dont like the candle which was formed on the last 4H. Looks like it could continue a downtrend and there is news later today.