British Pound - Still a short in a long downtrend
Ever since the start of the dollar bull run, the pound has been in a downtrend, with small exceptions on the lower time frames.
Right now, I believe the downtrend is still intact and despite all the volatility caused by the Brexit election, we will see a lower Pound.
I outlined everything on the chart, and wrote all my reasoning there.
A strong close above 1.477 would make me reconsider.
Right now, I believe the downtrend is still intact and despite all the volatility caused by the Brexit election, we will see a lower Pound.
I outlined everything on the chart, and wrote all my reasoning there.
A strong close above 1.477 would make me reconsider.
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