Main Trend: Bearish
Near Term Trend Change: Daily Closing above 1.14500
Key Levels and Trade Opportunites:
- Add short at the breakout of 1.13600 and 1.13200
- Buy at H4 close above 1.14300
Main Trend: Bullish
Near Term Trend Change: Daily Closing below 1.31900
Key Levels and Trade Opportunites: We have entered a short trade based on Bearish Total and AB=CD pattern. We have reached our targets.
Cable is in a consolidation period. Break below 1.32450 would lead the pair 1.31900. Long opportunity at 1.31900. Daily closing below 1.31900 will change the trend near term, 1.30800 would be the target of the pair. Strong buy at 1.30800
Anka headed South. The target of the pair is 112.250-112.500. Short opportunity for intraday traders at 112.250 based on Bearish Crab Pattern.
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
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