Daily view, my view.
Await the GBP to close around the 1.35 before shorting, looking at previous history tells us there is more chance of this happening than not. (not guaranteed however)
I do not get involved in noise either on the news or lower timeframes.
Looking at the facts is the GBP has not closed about the 1.35 area since 2018, we can only presume / predict that this may well happen again. my edge is this has not happened for a number of years
Play the long game.
Let me know your thoughts?
Await the GBP to close around the 1.35 before shorting, looking at previous history tells us there is more chance of this happening than not. (not guaranteed however)
I do not get involved in noise either on the news or lower timeframes.
Looking at the facts is the GBP has not closed about the 1.35 area since 2018, we can only presume / predict that this may well happen again. my edge is this has not happened for a number of years
Play the long game.
Let me know your thoughts?
Note
We have entered my red zone on the weekly chart, now I will await this to close (on Friday) to see if there has been a clear rejection.I will also be checking at the end of each day on the daily timsescale to see if there is a clear entry however will most likely await weekly close.
If criteria is hit this could be a big long term move in my opinion with multiple take profits all the way down to low 1.20's
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Disclaimer
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.