[tab:Setup]

I was scalping some shorts at the end of U.S session, and decided to scrapped the trade with over 10 pips profit.  It looks to me, cable might be preparing for another up leg. Well, it might be too early to make the call, I would prefer to stay away from any shorting idea for now.

Let’s see how it goes.

Here is the …… CHART!!!

[tab:Update 08 Feb 2012]

Cable broke out from the flag yesterday, and now I am looking at potential long opportunity at the pull back to the range of 1.5830/1.5860 with target around 1.6050.

Here is the… CHART!!