will be taking a risk entry as a flag pattern has formed. Stop loss will be 20 pips making a risk to reward 2.5:1. will be a short term trade. This trade lines up for the third touch of trend line as well as a triple top. So alternatively when target is achieved will be looking for sell set ups. Any alternative views please feel free to share.
Signal 1 : waiting for a bounce off the pattern within a pattern to the upside.
Signal 2: if market reaches daily structure will be looking for a sell set up to the bottom of daily trendline structure. using a small pip stop ross Risk to reward is high.
With Brexit in the works and nothing confirmed as of yet, Trade can go either way but the probability is it...
market is hovering at the top of the decending channel. looking for a break of this structure and looking to take profit around the top of the channel which is almost at the daily trendline. R/R 3:1 risking 1%.
