Short Cable and Short Euro, for how long?
The Cable continues moving downward toward the attractor or green area, keeping the high correlation with the Euro showed in our dashboard. The price action is inside the 2 arrows delimiting the ideal time and speed distribution to balance the motive wave started in 1.1409 with the current corrective cycle, increasing the chances of reversal once the price reaches the target area o attractor. Once here, the 3 waves corrective pattern can exhaust and bounce as the 3rd leg of a higher degree zigzag to new highs.
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