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Old 02-18-2007, 07:56 PM
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Hi All,
Looking at the daily chart of cable we can see that price is heading for test of ema100 at 1.9340 which also coincides with the previous lows in early January this year.
Looking at the 4H chart of cable we can see that ema55 is repulsed by axis as well as ema21 is repulsed by ema55.On 4H chart the only ema100 is on other side of axis and trying to cross it.Once it crosses down, the protocols on 4H will be in order.
Hence we can expect cable to follow down enough pips as protocols give a sort of assurance for short bias.

kolachi
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