potential trend violation
Updated
hey guys,
pound dollar reached a decision zone.
bullish violation of 1.32 - 1.33 area will signify a clear bearish trend violation.
however, please, take into account that on a daily the market is already overbought,
and it is too early to announce a trend violation.
I will be waiting for a decent bullish violation of 1.32 - 1.33 to buy the market.
Decision zone that we have identified perfectly matches with a neckline of a beautiful head and shoulders pattern,
and give you an additional confirmation.
But I'll say it again:
for now, the market is still inside a decision zone, so it is early to take an action.
good luck!
Note
Breakout is not confirmed
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