Cable approaching a confirmed downtrend line soon, overbought on 1 hour chart, currently trying to get past the 200SMA. On 4 hour chart could still go higher. A great opportunity to short at the trend line, great risk-reward. Higher probability that the cable will drop again as there is no good news in the UK messy politics or economics. A long can only be considered if we get an impulsive technical break of the line.
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