Tricky MondaysPreviously looking for buys at 1.23500 support but decided to wait for price to form support above 1.24055. Price may just be moving funny or wee still may have a weak pound looking bearish. I've also spotted Hidden Bearish divergence on the 1hr timeframe so we may see a nice push back to the downside.
Monday
I have a rule, don't trade Mondays. But I see this....From my education in forex, I have learnt from multiple people that Monday can be a manipulated day in the industry caused by, big hedge funds and banks. I always allow to have Saturday off, come to the charts on Sunday, and begin a week ahead analysis and today would have been a 'perfect' day to trade in, but I stuck by my rules and I'm now having to overcome FOMO (fear of missing out). However, there will be better days and there will be more opportunities in the future.
I've only started trading from he start of the year, and I feel I've already learnt a hell of a lot. I just can't wait to see what the rest of 2020 has to bring.