DislikedWhere do you think cable will turn?
1.6460 to 1.6500 seems to be a very strong resistance zone for cable from the chart.
- previous supports and resistance lines on 4 hour chart
- will be reaching the channel/trend line of the daily chart
- will be reaching the 61.8 fib fan lineIgnored
DislikedHi GM,
Interesting to see what will happen .....my views are a bit different....
I expect upper weekly trend line to hold...as it is also also cloud lower line....it usually makes a strong resistance....plus tenkan(yellow) stays below kijun (blue)
and mom indicator already turned down.....
For me, it means ranging day with weakening momentum and I'll wait still one or two days be4 shorting this market....we need big BOYZS to get in....
And of course, as usual, I may be wrong....
BTW shorted GJ and EJ
Happy trading dayIgnored
Hi Guys,
Trendlines are known to be broken or to hold....
There is no way to predict either way!
As long as the sentiment remains bullish and buying pressure is sustained there is no reason to even think about shorts.
Trade Well!
Hear the music before the song is over ...