On the day chart, this is what I see.The price action is moving up to close the Cup & Handle pattern.
From current price to 1.36 or so, is a good shorting opportunity. Go to lower time frame , 1H to monitor the candles and price action to enter your position. That would be a short term trade. Avoid entering too early! Let the price action tells you what to do and not let your price tells the chart what to do (I was a smart aleck in the past and paid tuition fees to learn from Mr Market)
So if you want to long this pair, wait for the pull back. All the best !
From current price to 1.36 or so, is a good shorting opportunity. Go to lower time frame , 1H to monitor the candles and price action to enter your position. That would be a short term trade. Avoid entering too early! Let the price action tells you what to do and not let your price tells the chart what to do (I was a smart aleck in the past and paid tuition fees to learn from Mr Market)
So if you want to long this pair, wait for the pull back. All the best !
Note
OMG!, it break the resistance fiercely (thanks to a lower Dollar). expect pullback in short term.Note
hope you bought some poundNote
target hit
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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.