CABLE (GBPUSD) POTENTIAL LONG

AS YOU CAN SEE..

1. CONTRACTION PHASE
2. EXPANSION PHASE
3. AWAITING ON TREND PHASE TO BEGIN

SEEING HOW THIS PANS OUT TOMORROW ON THE BREAKFAST BREAKOUT I WOULD BE EXPECTING TO SEE THE PRICE MOVE BACK UP AND GIVE US A BUY TRIGGER OF 1.22148 WHICH IS IN LINE WITH THE AVERAGE PRICE LINE FROM THE CONTRACTION PHASE.
A TIGHT STOP LOSS JUST BELOW THE NEW LOWEST LOW
A TARGET PROFIT OF 1.2400

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