Pound was making lower highs and lower lows. Previously GBP rejected from the Resistance x3 times and continue pushing down.
Scenarios:
1- Retest the recent Resistance and continue pushing down towards the zone. Also break the zone the form the next lower low to respect the trend.
2- Buying above the top Resistance or Reversal in Trend.
Note:
Trade according to the scenarios, risk management, account size, and always take entries on Confirmations.
Scenarios:
1- Retest the recent Resistance and continue pushing down towards the zone. Also break the zone the form the next lower low to respect the trend.
2- Buying above the top Resistance or Reversal in Trend.
Note:
Trade according to the scenarios, risk management, account size, and always take entries on Confirmations.
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.
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.