Cable long opportunity incoming.
The analysis is self explanatory, price declines into the newly established OB (1.55640-1.55480 and will make an attempt at stopping out stop losses above the 1.56765 level. This play seems to have a good probability as US treasury 10 year T note has double topped and might down for a bit, indicating that bond yields might rise and thus all currencies opposing the US.
examples:
Us treasury T note 10 year:
imgur.com/esIOprt,UTFZKah
Government bond yields (Germany, UK, USA)
imgur.com/esIOprt,UTFZKah
examples:
Us treasury T note 10 year:
imgur.com/esIOprt,UTFZKah
Government bond yields (Germany, UK, USA)
imgur.com/esIOprt,UTFZKah
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.