as you can see in the chart the #POUND/DOLLAR is in the a very strong uptrend and over all of #DXY is bearish ,
so by breaking and closing above the current resistance i do expect the Rally keep continue and by a very small an tiny stoploss u can take around 70 pips
there are 2 more factors which you should considered there is a very long way till the end of weekly candle wick which it should filled ,
but for the moment of now the price is on a weak supply which may works and we see a drop from this zone so better to wait for confirm on 4 h
maybe the broken of 4h resistance was a #FAKE OUT
Best of luck
Zeus
so by breaking and closing above the current resistance i do expect the Rally keep continue and by a very small an tiny stoploss u can take around 70 pips
there are 2 more factors which you should considered there is a very long way till the end of weekly candle wick which it should filled ,
but for the moment of now the price is on a weak supply which may works and we see a drop from this zone so better to wait for confirm on 4 h
maybe the broken of 4h resistance was a #FAKE OUT
Best of luck
Zeus
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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.