Today/tomorrow (Aug 14 2023) we'll see if the Cable continues up, touching that 50 MA line. So if it bounces up, can validate our overall Bullish bias. More confluence is it hit the bottom of Bollinger Bands (default parameters) on the Daily.
Also, from the macro, we'll see if it hits the 3rd touch down trendline from 2014.
As always, I'd prefer to wait for a nice bullish candle on the Daily before entering any trade.
Enjoy!
Jason.
Also, from the macro, we'll see if it hits the 3rd touch down trendline from 2014.
As always, I'd prefer to wait for a nice bullish candle on the Daily before entering any trade.
Enjoy!
Jason.
Note
If support breaks, then am bearish to next support:Note
Do we think continue of uptrend off trendline & support....??Note
The pair seems to be reacting to the trendline & 200 MA. If this is the next swing up, perhaps look for roughly ~680 pip gain. If we swing this, then could be a couple months to fulfil this order.I'll wait another day of gains before entering though. As a swing trader, I'm okay with losing out on a few pips just for the confirmation.
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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.