Wave Analysis:
Despite the fact that the previous week’s candle is a perfect bearish pin bar, the cable is yet to show any clear direction to the lowerside. The price is still above the weekly resistance level 1.3085. We’re patiently waiting for a break below this level to pick a long term short position with an ultimate target at 1.2148. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should break below 1.2148 further to the lowerside.
Trade Recommendations:
We’re short below
Origin: FreshForex
