Cable moves of Monday and Tuesday were confirming the bullish background seen during the month of October.

On Monday, we saw a down close compared to the closed price of Friday in volume less than the two days before, this is no supply. Tuesday was a shake-out type day, It is engineered to create panic selling, thus helping the transfer of stock back to the professional traders. This not only catches stops, it is also designed to mislead as many traders as possible in a wrong position and shake the market out.

These 2 days were very good signs of strength into the previous volume absorbing supply candle area and the bullish volume of Thursday and Friday ( increasing volume on up bar ) comfort me in my analysis.

In my opinion, we should test 1,6685 resistance pretty soon next week and maybe start to go to the next resistance at 1,7028.