Cable: Short Idea At 1.2820

So far this year, the pound has made significant progress to the upside. However, there's now a chance that the pair completed the final wave (5) of a five-wave bullish cycle, especially if we consider an ending diagonal formation within wave (5) and a broken trendline, so traders should be aware of more weaknes. A drop from 1.3145 can be counted in five waves for wave (A), so weakness will most likely resume, but after rally in wave (B) which has a nice resistance near 1.2818 for a flat. Higher levels to watch is at 1.3.

I may look for shorts on this one, at the upper side of the current range, form around 1.28 then.
GH