Price has bounced into the higher channel. I am anticipating a bounce lower after observing the spike. From the previous swing high to the swing low price is currently above the 61.8% retracement level which suggests a good place for a sell trade if you are bearish on cable.
Will be shorting this off the break of the candle looking for a 2:1
Will be shorting this off the break of the candle looking for a 2:1