GBP crosses/Trade Ideas

Trade of the day: Buy cable at 1.5670

I haven’t done a trade of the day for a while but I really do like an intraday long cable play near current levels. The market pivoted around the previous support level at 1.5670 for a few sessions but yesterday’s spike higher tells me that we may be in for some more short-term gains.

I’m looking to buy near 1.5670 for a move back above 1.5850 where I will probably look to reverse the position into a more medium-term short trade.

Leave a Reply

Your email address will not be published. Required fields are marked *