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Could be a bad time to take a trade around 1.9500, cable is oversold now and can pulled up back in any time. Usually makes some side ways price action before the price move up and side ways can makes some false signals.
Better dont take a trade untill supports clearly formated, in fact once i have some bad trades around 1.9500. I'm affraid it will be repeat again. Better step away but still he have some room for about 50 points lower.
I dont have a thought about the direction right now.


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