The 100% Fibo Expansion already reached, thouched the 50% Fibo Retracement this morning and also the trendline so cable have enough reason to bounce back to 1.9500 area. But...he also have one full sticky W1 bear candle that indicate strong down trend and usually proceed with another bear candle.
This is so called BearVsBull.
Cable have some supports need to guard to realease the bull, they are in 1.9100-1.9000 area. The first one is 1.9050 and the strongest one is 1.9000. The last one is the key to unlock the bear padlock gate. If he break the 1.9000 support, he have big possibility to create another W1 bear candle.
The strategy is looking for some nice place to go long this week only if the supports are well guarded.
Thats all Folks. Wish you all have nice trades this week.
Happy Trending,
Forex Knight
This Week Bias
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