DislikedDT excellent charts. . .
Short-term I see cable dipping back to 1.60 possibly testing 1.59/1.5850 tops. . .
That being said cable will frustrate many this year as it's been in a nice range for almost a year and I expect that to continue this year. . .
Take a look at your monthly chart - you can see that we have not had a weekly/monthly close above 1.6730 over the past 8-9 months and we have not had a weekly and monthly [b]close below 1.5850. . . The weekly chart is showing us signs that we may be a bit OS but wait for the daily...Ignored
Your views mirror my thoughts, except I was looking for a fakeout to 15625 area to trap Shorts, or maybe even a complete drop out of the range altogether due to a possible price vacuum under 157/156. I was rather hoping you would say a fall to 153
I'll get in touch again once we approach 158/159 area and compare charts/thoughts if you don't mind.
All the best bro, have a great weekend.