Here is my short term trade setup for the cable.
Obviously it is the weekend and a gap can occur.
However, as an example this is a way to trade shortterm with the help of Elliott Waves.
Watch the trendline, the price is currently in an ABC correction and forming a wave C. Wave C van run flat against the trendline, or break towards 1.3900. Watch the bounce of the trendline, that would be your entry. If it breaks, wait for 1.3900 level for support. A bounce of 1.3900 would then be your entry.
The first target is 1.4100, that is a psychological resistance, the second target is the 1.618 extension of wave 1, which would be 1.4150.
One way to trade it is to open 2 contracts, one for each target. Use your moneymanagement wisely.
A drop below the start of wave ii would invalidade this trade.
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