let see......
we all can see that the news are support cable to go higher this week. the news today also sustain cable to go higher, i think today we should be careful to take some long positions. personally i'm not tale a trade today but i have some recommendation. take a long at 1.9703 and put 1.9650 as a stop, take only 30-50 pips only today coz i saw some resistance in 1.9730 and 1.9750 area.
all we can do in forex market is anticipate
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. It is highly recommended to maintain the use of leverage at normal levels. The client must always keep in mind that margin trading increases loss as well as profit, and equity can easily and quickly vanish in situations where the market prices exhibit strong volatility, potentially creating an adverse environment for the highly leveraged participant. The client shall be solely responsible for maintaining margin requirements of the existing positions as well as monitoring and ensuring sufficiency of the prepaid FX Trading Line amount displayed on his account.
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