Not necessarily, I have seen a nice push up the first 5 minutes on London, especially after a strong Frankfurt like we just seen. But then right after 5 minutes, the price drops and usually test both the High and Low of Frankfurt.
Right now I am watching the Frankfurt High at 1.9621 to see if it holds, also the low at 1.9593 may also be re-tested in the London Session.
I would not take a Short on the Cable until these 2 lines are breached.
It is possible that once the 1.9621 is tested, it may rise some more, but right now I am only scalping because I have not seen an actual breakout in price this month yet.Ignored