Possible uptrend / downtrend scenarios.
I believe the Cable is up-trending.
Point (1) may act as an absolute bottom of the year (Only 70-80 pips higher than the lowest of the Cable)
Point (2) looks like 2 of Elliott wave
Cable is blocked by major supply zone 1.218XX - 1.220XX.
1.215XX area will play an important role to determine if the Cable is trending down or up.
I believe the Cable is up-trending.
Point (1) may act as an absolute bottom of the year (Only 70-80 pips higher than the lowest of the Cable)
Point (2) looks like 2 of Elliott wave
Cable is blocked by major supply zone 1.218XX - 1.220XX.
1.215XX area will play an important role to determine if the Cable is trending down or up.