Comments on: Cable technicals: Double Trouble https://fxww.com/cable-technicals-double-trouble/ The Professional Source Thu, 31 Oct 2013 23:09:47 +0000 hourly 1 By: FxDrive https://fxww.com/cable-technicals-double-trouble/#comment-31395 Thu, 31 Oct 2013 23:09:47 +0000 http://381c099c8f.nxcli.net/?p=11049#comment-31395 Really trying hard on that one Sean , letting them run as much as possible.

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By: Sean Lee https://fxww.com/cable-technicals-double-trouble/#comment-31394 Thu, 31 Oct 2013 23:05:28 +0000 http://381c099c8f.nxcli.net/?p=11049#comment-31394 Certainly possible Adrian, but as you say it’s hard to pick at this point which one develops so patience is our best friend

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By: FxDrive https://fxww.com/cable-technicals-double-trouble/#comment-31392 Thu, 31 Oct 2013 22:44:32 +0000 http://381c099c8f.nxcli.net/?p=11049#comment-31392 Being in the same short term bear camp ( and profitable 😀 ) , i agree with a medium term buy the dip. However , if we get a confirmation of the double top by breaking below 1.5890 , the measurement for the pattern would suggest a 1.5550 target. The 1.5750 target is the 38% of the rally and a brush with June highs , so it has some credibility. The other one 1.5550 , fits the pattern measurement and it’s the 50% retrace of the rally. Hard to say which one at this point and you could take your pick , but i guess it will depend largely on how the USD strength develops and on what predominant themes.

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