I view this push higher as a chance to sell.
There is a sequence of lower highs on Cable now with the latest at $1.66470. The hourly RSI is back to a level where the sellers have returned within this decline. I expect the dollar strength to resume and drag Cable back to retest yesterday’s low at $1.6543.
I have placed my stop at $1.66570 (35 pips) a bit of room above the $1.66470 reaction high.
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