Cable is facing resistance at the 0.618 fib @ 1.398.
Confluence:
Looking at DXY, it looks like the dollar is going to continue getting stronger in the short term.
Most other USD pairs are also at resistance.
RSI is flashing a bearish hidden divergence.
Expect a move back down to the major trendline/0.5 fib level before breaking out. Keep an eye out for a break above the 0.618 level.
Entry: 1.398
Stop: 1.402
TP: 1.392
Not financial advice yadayadayada DYOR.
Follow for more:)
Confluence:
Looking at DXY, it looks like the dollar is going to continue getting stronger in the short term.
Most other USD pairs are also at resistance.
RSI is flashing a bearish hidden divergence.
Expect a move back down to the major trendline/0.5 fib level before breaking out. Keep an eye out for a break above the 0.618 level.
Entry: 1.398
Stop: 1.402
TP: 1.392
Not financial advice yadayadayada DYOR.
Follow for more:)