Today's cable

Dave1971

Active member
135 0
I am fairly new to cable having followed EUR/USD for some time. To me it looks as though it is gearing up for an upside break of an eight hour downward trend.

I would welcome the views of more experienced cable traders.

Thanks

Dave
 

Buk

Established member
615 6
it's certainly consolidating at an area of support (185/95).....you now have your levels for possible downside continuation (80), for adding into a current short, and an upside reversal off the round number.....

the half century/120 & 8050 offering support camps south.....220/60 and the next round number (with a Fib resist) North.
 
 
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