Based on Elliott Wave and Fibonacci retracement, the cable has just finished a 3-wave correction on the hourly chart. With that, we may be entering a new impulse wave or a 2nd corrective wave.
My recommendation would be to go long on this pair with a STOP LOSS at 1.5310, and a TAKE PROFIT at 1.5427.
My recommendation would be to go long on this pair with a STOP LOSS at 1.5310, and a TAKE PROFIT at 1.5427.