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Hi Russ
If you follow my post on cable form yesterday on they came as follow:
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Current level cable reached - 1.6550 is the first resistance to overcome. Next serious level would be 1.6420-50. 1.6330 1.6265 are next. But lets see if it can do so well. If it wasnt cable I would say those are long term levels but with this currency its very possible. If trading - use tight stops at least move stop for b/e as soon as possible. Right now I as watching it to find entry point. It may take time - 1-2 maybe even 3 days.
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Well here we have it - h4 cle close around 1.6500. As for me 1.6550-60 now becomes a resistance a level to watch right now. Maybe tomorrow there will be an entry.
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Looks like cable is going to decline. Good chance we see at least 1.6380 in next 24h. Unfortunatly I see no safe entry yet. Though it may occure in case things go little different.
Lets wait see.
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I thought it was understood that I'm looking to sell but sorry if misleaded. I'was looking for an entery for short since yesterday's decline began. When I was talking anout seeking for entry I ment to short it - I thought the direction was clear but guess should have written it also. Sorry again if there was confusion.
Regards
Rezo.
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