IMO, Cable is in wave iv (possibly a triangle). Expect 1 more thrust to the downside to complete wave v around 1.5000.
This pattern is violated if price go up from the moment of this post and break the critical resistance 1.544x (previous wave i).
Short could be open with SL 1 pip above critical resistance, and ...
Expect more weakness in upcoming days. Imho, EURUSD is sideway-ing in a triangle wave IV. Please refer to Daily chart for Longer Term view.
This view is negated once resistance 1.146x is broken.
Happy hunting and becareful out there ^^
This cross has been developing an Ending Triangle for a while. A clear break below lower Trendline of the diagonal would confirm pattern completion and expect more downside retracement to at least wave iv & fibo 38.2% level.