As per forecast cable stayed above yesterday's low at 1.37095 . I have two longs and first i am going to manage long from 1.37433 which is at the moment +42 Pips as i write this. Waiting to see how the daily gives us a close
I thought to total the trading journal for this week with P/L as posted with trades they are as follows .
+58+19-25+97+51 = +200 Pips week from (25th Oct to 29th Oct ) . Currently i have 1 trade Open Long from 137335 S/L 1.36881 with no T/P at the moment . I will also go with this trade in the weekend and re-visit the market back on Monday.
On Friday the Stop-Loss on the last trade was hit , when i looked back in the night as i was busy due to upcoming weekend. I am going to update the week's total P/L again that is 200-45 = 155 Pips .
Cable started just below an upcoming support area on my charts at 1.36856 . A Chart Resistance Now Support from 05.10.2021 at 1.36478
expectations are market is nearing over-sold conditions and it may be a good spot to try a long in these lows.
Opened Long at 1.36841
Stop-Loss:1,36623
Objective: 1.37280
Cable retreated frm 1,36856 after placing the daily low at 1.36419 . My Bias is still for a long above 1.36396 ( chart support ), currently my take profit level is moved to 1,3725 level .
Cable dipped to lows at 1.36398 just above forecast support at 1.36396 . It is currently trading just above my previous buy level 1.36505 . I am expecting we have seen today's low .
Cable retreated from 1.35818 indicates at this point stronger view to hold my short . Currently trading back at order open price . I believe we have seen today's high already at that level . frm here as long as my stop-loss holds 1.35868 this should decline to 1.35081 or lower.