Cable Trade idea

• Major resistance - 1.4400 (55 day EMA)
   
• Major support - 1.4345 (3 day EMA)
   
• The pair has made a high of 1.44363 and slightly retreated from that level. It is currently trading around 1.43810.
   
• Cable is facing strong resistance around 1.4400 and any close above 1.4400 will take the pair to next level till 1.4500/1.4580 in short term.
   
• Minor support is around 1.4345 and break below targets 1.4300/1.4270 level.
   
• Overall bullish invalidation only below 1.4100 level.

It is good to buy above 1.4400 with SL around 1.4345 for the TP of 1.4500/1.4580

R1-1.4400

 R2-1.4500

R3-1.4580

Support

S1-1.4340

S2-1.4270

S3-1.4200