- Direction: long
- Target: TP1 1,6240
- Protection: SL 1,6135
- Our setup: 1,6175
Background: The major trend in the Cable is long and after one week consolidation. The cross builded a plato or flag. The bullish sentiment is still intact and we see first test the 1,6240 the previous top and if it is taken might a very strong upward movement and extending further the strength. The rate is firmly above above 1,6135 and just tested back few times that key support level.
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The BFM Assets Team.
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