Direction: long
Target: TP1 – 1,6070
Protection: SL – 1,5920
Our setup: 1,5985
Background: The Cable has established the monthly low yesterday. Namely
it built a double bottom on H4 chart. After that back test slightly came up the
pair. Current price action can extend further and can be a bullish reversal for
longer term. The first key resistance level at 1,6000 if it is taken the final
target for this position is at 1,6070.
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The BFM Assets Team
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