Like the picture above shows, a triangle is completed on cable and that means we should break the b-d trend line fairly quick and doing so we are finishing a corrective wave so this must me an impulsive move.

Saying that, looking for an extended wave to come and therefore the price action for the rest of the week should be bearish for the usd.


We had two boring days for trading this week and if it weren't for the jpy which just is being sold due to better than expected Chinese gdp I would say it would have still be boring.
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