Cable is in a down trend.
Chart below:
Price has formed a double top on the medium term time frames.
Chart below:
Price has this morni8ng made a lower low through the averages and I am looking for a short entry on a pull back.
Levels and Chart below:
1st Entry: 1.5175
2nd Entry: 1.5195
Averaged Entry: 1.5185
Stop Loss: 1.5220
Target:: 1.5010 (5% & previous support)
I will update again should the trade be triggered.
Regards
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