Cable Likely to Correct
Taking a look at simple price action on the 1 hour timeframe, we can clearly see the divergence with RSI. RSI also quickly snapped back below 70.
I now have a bearish target at 1.2765 for a 1:4 Risk to Reward
Trade Safe
I now have a bearish target at 1.2765 for a 1:4 Risk to Reward
Trade Safe
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.