Cable is in a down trend.
Price has pulled back to the 61.8% Fibonacci level where it has stalled.
Chart below:
Price has broken down through the averages and I am looking for a short position as detailed below.
Levels and Chart below:
1st Entry: 1.5360
2nd Entry: 1.5370
Averaged entry: 1.5365
Stop Loss: 1.5395
Target: 1.5215
I will update again should the position be opened.
No comments:
Post a Comment