Trade Setup (Dec 19)
The cable has trickled back down to test the lows. Currently it’s pushing lower at 1.9920. There is a nice reversal pattern setting up on the 4hr chart so keep your eyes out for a place to get long. Watch how price reacts around 1.9900-1.9850. Remember to manage the trade once in profit in case it comes back like it did last night. That will allow you to get back in when the setup presents itself.
The euro still looks like a good buy around 1.4350-1.4300. If these levels change as we get close to news time tonight I’ll update them.
The euro still looks like a good buy around 1.4350-1.4300. If these levels change as we get close to news time tonight I’ll update them.
Labels: Forex Signals
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