Bullish move after break of trendline or just a fakeout?

Cable broke the long standing bearish trendlone (last retest in June 2016!) and now looks like a bullish move is imminent. If the recent move was jsut a fakeout, a vicious move lower is to be expected, as it will kill lots of bulls stop losses.

Commentaire:

Cable broke the multi month trendline significantly, We should now look for a nice entry, idealy after a correction back to the trendline.

Transaction en cours:

Nice move with support by bullish news pulling in more suckers. Nice volatility to move out!
Take some profit and let the rest run.