Though the Cable is in uptrend I believe some major correction could appear within next (two) weeks. I can see price is in negative divergence with oscillator, recently bounced from top of the channel and next significant support level is around 1,6270. So I'm about to go short with 1.6270 as profit level. As this is counter trend trade I'll move SL to BE asap. RR ratio 1:1.5.
Chase value, not price
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chase value, not price
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.