Currently, the cable market condition is bearish as indicated by the trendline. The price has broken 1.2376 and this level has been successfully retested and rejected indicated by the green and red arrow markers. Also, a bearish engulfing candle has completely formed giving us a lot of information about the probability of this price bearish continuation.
Stop Loss:1.2396
TPs:
1.2308 (1st)
1.2275 (2nd)
1.2192 (3rd)
Stop Loss:1.2396
TPs:
1.2308 (1st)
1.2275 (2nd)
1.2192 (3rd)