week not looking good for the pound, as European border close to the uk due to the rise of covid and deadline getting closer for Brexit with a very likely not deal scenario. on the weekly chart it seems as the price reached the end of the 5th wave and a key level 1.35000, scaling down to the 4hr the bearish pressure started on Thursday managed to break the previous low and this along fundamental could be a a strong sign of a reversal. sell off too extended now better to keep an eye on the pair, wait for a retrecment and get in for a sell
Note
HEAD AND SHOULDER NEACK LINE BREAKTrade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.