Cable is in a down trend. Price has retraced to 1.5780 50% Fibonacci level from the high of 1.6300 to a low of 1.5265.
Chart below:
The USD strength that we have seen today has pushed price back through the averages and pivots and I am looking to enter short on a pull back.
Levels and Chart below:
Entry:1.5670
Stop: 1.5705
Target 1.5495
The levels may change slightly once the pull back begins. If this is the case I will update again
Regards
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