DislikedHey guys,
hope you have a nice weekend. I've seen some of you planning to short the cable. Have a look on my chart, the area I coloured in white (particularly the last two weeks) doesn't look like a price consolidation any more. It is likely to be a building up of a medium to long-term uptrend. I think there will be a gap and the price may drop further down during Asian session but not that much. Looks like the perfect set up for London to buy the dip. So my advice is wait for London's session for confirmation on short or long.
Good luck all ...Ignored
I check 4 hr up to monthly TF, 4 hr candle closed below kumo with CS also below kumo and price, daily TF PA is support under kumo but has bullish ts/ks cross, and monthly has KS/TS bullish cross but still supported by kumo. So when you see midterm-longterm uptrend, are you basing on trendline? Or "there is a gap" refers to like RSI or stochs showing oversold and the market needs to correct itself before further decline?
Anyone can help, I am trying to understand forecasting.