DislikedYou don't need to tell me Cable has been a buy since last July But it seems to me Cable had topped out at 6821, so I have been shortingIgnored
Cable broke above the Weekly trend line From February 16th so it may be premature to start shorting. If we double top at 1.6800 and take out the long term Daily bull trend line, shorts will look more attractive. Personally, I'm targeting higher at 1.7200 for a deeper correction, but like everything in the market, if we have a fundamental shift in sentiment due to US Russian conflict, Draghi instituting new policy, or a sell off in US equities, it could drop sooner. But it may take until July or even Autumn to happen too.
Everything usually takes longer then most of us would hope or like. That's why I never guess ahead of the curve on Cable. When Cable turns, it signals the move clearly and there's enough carry through that prediction isn't necessary. It also helps with win ratios. Anyway, best of luck with your trades.