The Cable is getting ready for a deep bearish dive. Market is current bearish from the larger timeframes of 4 hour and above. On the 1 hour and lower, price is bullish, and we see prices rallying towards the 4 hour supply zone. Market has also shown some signs of early reversal at this level. If the market reverses here, we will be ready to go down with it. Our signal for bearish confirmation will be a break of the structure as marked BMS.
Where that fails, we hope to see prices soar higher into the 4 hour zone, from where we will begin to expect bearish reversals. As always, we will wait for our confirmation of the bearish reversal and look to jump on it.
Where that fails, we hope to see prices soar higher into the 4 hour zone, from where we will begin to expect bearish reversals. As always, we will wait for our confirmation of the bearish reversal and look to jump on it.