From this 4 hour view we can see pound has been in a sideways channel. As price is currently testing the top of this channel (1.3000) I will be looking for a short opportunity. I'm waiting for PA to give me further evidence that this resistance zone will hold. Be very aware that the pound has a lot of high impact news scheduled to be released this week. If Price...
As you can see price has broken out of long term trend. After a lot of stalling at 80.000 we had our 1st impulsive bullish move to the 82.00 region, price then returned to 80.00 to re-test support where we rejected again(confirms bullish bias). Price is now moving in an upwards channel - an AB = CD pattern is in play which would confluence with; previous...
