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Cable Trades In Narrow Consolidation Above Fresh Low, Overall Bias Remains On The Downside

Discussion in 'Technical Analysis' started by Kaitlin, Oct 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Cable posted new low at 1.2683, but closed in green yesterday, signaling near-term consolidation after strong two-day fall. Recovery attempts were so far limited, keeping intact strong resistance at 1.2795 (former key support).[​IMG]

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