An other reason is the USDX. It tested above yesterday and went back inside its range: it could aim at yesterday low and consequently force cable in the opposite direction.
Ubi maior minor cessat
Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow 785 replies
Updating stops to lock in profits 3 replies
lock pattern for global variable in MT4 2 replies
DislikedLock, here we have a situation that we saw price broke out of the value.... and after time value expanded (or value went higher) so that all prices incl. the break is within value. Well if we are in a trade then....would it say... be carefull is can a rotational environment now?! In my perception...the break isn't a valid break anymore.... Am I correct?Ignored
DislikedPreUS B period high 2527 is the top of the news shakeout: all the remaining news stops are there. It could be part of this grinding covering action.Ignored
DislikedPreUS B period high 2527 is the top of the news shakeout: all the remaining news stops are there. It could be part of this grinding covering action.Ignored
Disliked{quote} That will say: if we overcome the PreUs B...there may be acceleration... ps: btw I'm off ...need to cook our dinner for tonight Have a great weekend!!Ignored
DislikedBut note E inside D: attempted breakout above: if it will fail all the way back again to composite poc at least.Ignored
Disliked17/02/06 MONDAY 08:02+1GMT EARLY MORNING REPORT ..... It must be said that we are balancing around a major composite poc (2480) and that in case of attempted break we need volume to evade this pole of attraction, otherwise the possibilities to come back to this level will be substantial.....Ignored