LONG IDEA
- ASCENDING CHANNEL CREATION IN DOWNTRED( DOWN TREBD BLUE LINE)
- POSSIBLE PULL BACK TO 1.19500 PSYCHOLOGICAL LEVEL
- WATCH OUT FOR PRICE ACTION AS CONFIRMATION
- BREAK OF UPPER BLUE TREND LINE MIGHT SIGNAL A BULLISH MEDIUM TERM FOR THE CABLE
Fundamentals
- 50 BPS rate possible increase in Favor of cable
- FALLING flash cpi data also in favor of Cable
Key notes
- Watch for Rate increase by Fed on Wednesday ( Possible increase is 75 bps)
Disclaimer: This IDEA is for educational and learning purposes. All trades given are my perspective on FX
DISCLAIMER: Trade at your own risk. Results may vary. Past performance does not guarantee future profits