My Prediction of price movement in the next 2 months.
IMO Cable is still bearish till 1.32508 previous supply zone.
If M1 candle closes bullish, a new demand zone will have formed at 1.34698 area.
Recently price rejected trendline connecting btn supply zones 1.32628 & 1.33710 respectively.
Then moved to retest recent demand zone in that path at 1.38282.
In the next few weeks price might drop but only till 1.34698 if demand zone formed in the end of the month.
Then rise up to retest 1.38282 - 1.39030 area where strong bears might come in again.
My personal opinion. Price Action might play out differently let's wait and see. Do your own analysis & let's share in the comments section.
IMO Cable is still bearish till 1.32508 previous supply zone.
If M1 candle closes bullish, a new demand zone will have formed at 1.34698 area.
Recently price rejected trendline connecting btn supply zones 1.32628 & 1.33710 respectively.
Then moved to retest recent demand zone in that path at 1.38282.
In the next few weeks price might drop but only till 1.34698 if demand zone formed in the end of the month.
Then rise up to retest 1.38282 - 1.39030 area where strong bears might come in again.
My personal opinion. Price Action might play out differently let's wait and see. Do your own analysis & let's share in the comments section.
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