Cable has managed to close below 16270 level for the week. For me with the 50% Fib level just above I am looking for short entries. I expect a retest but the daily chart has ben capped around 16825 level. We have moved sideways on this level for 3 days so i expect a change of direction soon. 16242 is the lower level to take out first then 16155 is 61.8% fib level. I will be looking on 1H and 15M for entry/exit. Typically i look for pin bar rejections of these levels and divergence. I have also put up a 1H chart with a great entry from Thursday. Not a typical pin bar but very negative candle rejecting 16333-40 level and Bearish DivergenceEntry 16310 stop is 16350 if you took the full move it's 2-1.
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