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SharifAzadeh
Oct 15, 2015 10:59 AM

Cable; A Deeper Correction 

British Pound/U.S. DollarFXCM

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Enjoying the recent weakness in USD, Cable was able to escape the bearish force and staged a decent rally yesterday. It is now trading on the vicinity of the descending trend line and if this line is broken, I will expect the ABC correction to end at the 1.56 area where an Inverted AB=CD pattern completes.

Good luck,

Ali Sharif Azadeh, CFTe
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