Hi All, this presents a good opportunity to short the cable. Reasons for the idea are technically simple.
Number 1: We had a total of 3 legit tests of the numerical barrier at 1.5500 which proves the strength of the resistance.
Number 2: It obeys the resistance trend line that has also been tested 3 times.
Number 3: It broke below the support trend line with a retest.
I would expect a rejection off the 1.54000 with targets at 1.51 and 1.48
Number 1: We had a total of 3 legit tests of the numerical barrier at 1.5500 which proves the strength of the resistance.
Number 2: It obeys the resistance trend line that has also been tested 3 times.
Number 3: It broke below the support trend line with a retest.
I would expect a rejection off the 1.54000 with targets at 1.51 and 1.48
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TP 2 reached
