The Cable is finding too much resistance at 1.5388 by forming all kinds of top or Bearish Reversal candlestick patterns at the 1-Hour chart, such as Dragonfly Doji, Dojis, Shooting Stars, Hanging Man, Bearish Engulfing, and so on...with its Stochastics already losing steam.
My strategy is to enter LONG at the break up of this resistance level 1.5388.
If prices start going below 1.5360 I´ll enter SHORT with a tight stop (1.5390). If this Bearish Momentum confirms, I´ll add lots at the break down of 1.5320
If prices start going below 1.5360 I´ll enter SHORT with a tight stop (1.5390). If this Bearish Momentum confirms, I´ll add lots at the break down of 1.5320
