The prediction is based on (1) risk off fundamentals of the UK and world (2) Two beautiful retracements to R1/R2 at different scales
reason to trade. 1. Strong EU and weaken Aussie sentiment 2. double bottom 3. yesterday green candle sitting on top of 200-day moving average
Reasons to trade 1. Resistance zone (the boxed region in gray) 2. previous high 3. fundamental cable weakness
Short here because (1) resistance zone (2) off-risk market sentiment (3) need to go down to touch the trend chanel