Simply by checking the trend from the begining of the year you can see that the cable is going down. We saw the top point at 1.5260. its is going down towards below 1.48.
Dislikedwell, i couldn't agree more on that.. but depending on the method of trading, we might have different approach to the market, bulls & bears make money remember? i swing trade sometimes but with market like previous days on cable, i don't.. fiber yes..
but right now i try to enter short based on 1h at about 5150.Ignored