The fall from 1.3478-1.3481 looks corrective & has not went below 1.2789- i-wave low.
Trading Strategy-1: Incase cable goes below 1.2789- we should look for lower targets
Trading Strategy-2: If Cable goes above 1.3070 -latest swing high- in that case cable can retest previous highs @1.3481 & even more as mentioned above.
we should wait for clear breakouts on either side to know- where cable wants to head rather than guessing ourself.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ