Target: TP1 – 1,5607, TP2 – 1,5555
Protection: SL – 1,5675
Our setup: 1,5650
Background: Since last Thurday there is some sort of consolidation on Cable. Yesterday there was another bullish break out try, but finally was only a bullish trap. We see that the cross has lost the long momentum. Basically the trend is still long and it is a bit risky to go against the trend, but this morning seems reasonable. We sold at 1,5650 and hope for short movement today. We don’t have big news today, so again can come a quiet summer trading day.