Seems to be a good opportunity for cable bears...
This is the harmonic way of looking at cable.
If the pattern is invalidated and bullish momentum remains strong, further upside could target the May 21st high of 1.5699.
The trade: Sell GBP/USD 1.5640, with a stop loss at 1.5690 and take profit at 1.5490. The risk/reward ratio is 1:3
If the pattern is invalidated and bullish momentum remains strong, further upside could target the May 21st high of 1.5699.
The trade: Sell GBP/USD 1.5640, with a stop loss at 1.5690 and take profit at 1.5490. The risk/reward ratio is 1:3