Are you shorting the cable? No. No. No! Don't! Why? It's because the cable is strongly bullish. The bulls are in control of the market. Remember, the trend is your friend. Don't go against the trend, dear trader. This analysis is from the H4 timeframe.
Currently, the resistance level has been broken and retested, and the price is heading to the level of 1.24071. The probability of the price breaking this level to continue going up this week is 75%.
Currently, the resistance level has been broken and retested, and the price is heading to the level of 1.24071. The probability of the price breaking this level to continue going up this week is 75%.