Cable deliberation

Dear Dynamic Traders,

Hope you had an outstanding weekend.

Today's post consists of Cable analysis. Price has been up to test the 1.500 number, has found resistance and has retreated back downwards again. Looking at the lower timeframes a squeeze is apparent. Price has retraced to a Fib breather level but has been unable to breach it. Taking lead from the higher timeframe trends would enable consideration of a potential bearish flag should price break through the trendline.














My next post will be on Wednesday evening.

Great Trading!
Bijal Shah