Cable projecting a dollar rally ?
Cable has lead the way in the past when the dollar started to rally.
Perhaps once again it is giving a warning of things to come.
Unlike EurUsd - UsdChf still finishiing wave 1 --- Cable seems to be
seeking a wave 2 and the resistance, just under 1.6500 looks enticing.
Wave 3 will be the reward if that's the case.
How will this projection look on Friday ?
(Wave 4 looks "weird" in relation to wave 2. Perhaps
the principal of alternation is at an extreme.)
Perhaps once again it is giving a warning of things to come.
Unlike EurUsd - UsdChf still finishiing wave 1 --- Cable seems to be
seeking a wave 2 and the resistance, just under 1.6500 looks enticing.
Wave 3 will be the reward if that's the case.
How will this projection look on Friday ?
(Wave 4 looks "weird" in relation to wave 2. Perhaps
the principal of alternation is at an extreme.)
Penafian
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