Wave Analysis
The cable continues to pullback to the upperside but is still below our sellers level 1.27565. As we mentioned in our previous forecasts, as long as the price remains below this level, we expect nothing but a possible momentum to the lowerside. The idea is to wait for a pullback towards 1.27565 to pick a long term short position with our ideal target being at 1.21804. You could wait for this pullback of if you’re not short already, or you may have to wait for a break below 1.21804 to pick a long term short position towards 1.17.
Trade Recommendations:
We’re still short towards 1.21804.
Origin: FreshForex
