ITD 1 was likely IN at 1.57. I am still bearish with this pair overall and target 1.535 (50% fib). Per my count, ITD 2 high is due around Oct 19, and ITD 3 low due around Oct 29. MTD is likely still travelling down, so ITD 2 high should be due earlier and ITD 3 due later. Looking for a new low by the end of this month.
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Hi cmellon, can you please give us an update of your analysis on the cable when you have a moment? I'm interested to know if your view on ITD 3 remains the same as per your original post.
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