Cable: Fresh longs in play
I’m starting very small with this pair but the strength in the crosses suggests that trading cable from the long side is the way to go. I have only a small position to start with here at 1.5280 and have no stop-loss or profit targets just yet.
I sold out of my AUD/USD purchases at break-even overnight which leaves me with my core long positions in EUR/AUD and USD/CHF. My profit targets there are roughly 1.3500 and 1.0250 respectively.