The impressive breakout short term trend for cable indicate more upside pressure remains high. while the lower trendline hold around 1.6380watch below 1hour chart.In the medium term view current rally should continue with the true breakout above 1.6750.and bring 1more peak around 1.70-----------1.73.Meanwhile be careful sharp reversal may change the price view.Key level uptrend above 1.6580.
Short term rally still strong while above 6580 and focus 6750---6785 zone the nearest resistance,only a breakdown below 1.6660 suggest price should pulback toward 1.6530 or maybe lower around 1.6380
candle support.1.6530, 1.6580, 1.6530
candle resistance 1.6750, 1.6800, 1.6920
Posted by
millionaire |
Sunday, August 02, 2009
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cable action
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