Clearly not the best week for cable, breaking 1.2800 (1.2794) to print levels we haven’t seen since the eighties.
So how low can cable go? according to this chart.. 1.1250/40 all the way to 1.05.
How would i trade this? Sell any rally into 1.2800 (as close to 1.28 as possible).
No edge in selling (or buying) at current price.