Short on the Cable
Hi All, this presents a good opportunity to short the cable. Reasons for the idea are technically simple.
Number 1: We had a total of 3 legit tests of the numerical barrier at 1.5500 which proves the strength of the resistance.
Number 2: It obeys the resistance trend line that has also been tested 3 times.
Number 3: It broke below the support trend line with a retest.
I would expect a rejection off the 1.54000 with targets at 1.51 and 1.48
Number 1: We had a total of 3 legit tests of the numerical barrier at 1.5500 which proves the strength of the resistance.
Number 2: It obeys the resistance trend line that has also been tested 3 times.
Number 3: It broke below the support trend line with a retest.
I would expect a rejection off the 1.54000 with targets at 1.51 and 1.48
Note
TP 2 reached
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.