Hi Traders,
A daily view of Cable here, and a potential opportunity to short the pair. RSI is clearly diverging with price, making lower lows whilst price continues to hit the same highs.
I'm looking for a test of the long term trend line and 1.4000 then 1.3800 in extension should the opportunity play out. Timing is key here and this may begin early next week.
Happy trading!
A daily view of Cable here, and a potential opportunity to short the pair. RSI is clearly diverging with price, making lower lows whilst price continues to hit the same highs.
I'm looking for a test of the long term trend line and 1.4000 then 1.3800 in extension should the opportunity play out. Timing is key here and this may begin early next week.
Happy trading!