Big downmove is possible just like on every gbp pair.
As it stands right now i am only interested in sell trades wait for nice price action
There is a nice consoidation after impulse waiting to see price action and buy it
At the moment i want to sell this pair
If price makes a kind of a flag i try to buy it .
Watch for sell again and hold it for long term, If price comes back to the top i sell again. Big potential in the downside
We need a continuation pattern to sell this again anytime it come back to the top i sell it, upside is limited the downside has bigger potential.
Like all the pound pair this one is showing downside , we need confirmation and sell it for long term.
I am only intereted in sell, price can make a few more upmove but i only want to sell this either it could be corrective down move or impulsive i want to be in the sell.
The upside is limited only sell if i see nice priceaction
Only sell setup interested we need confirmation to sell it. Few upmove is possible but the bigger trade is to downside
I only want to sell this pair, at the moment there is no sign for buy, Reversal pattern has developed i just wait for convincing breakdown, if i do not see it i wait for the price to come upper and look for another sell.
I am a buyer on this pair untill i see clear bearish momentum than i will change my view
The downside move is more likely but if price breaks up impulsively than i wait for the pullback and buy. At the moment i want to sell. Few posssible direction i have drawn.
Nice bearish continuation pattern has completed all we need to do is to wait for priceaction.
The idea is to buy the lows or buy the pullback after impulse, Only a bearish impulse and pullback below this wedge would cancel this idea.
I wait for priceaction for short on the top, At the moment buy is not an option for me.
If price stays in this corrective channel i want to sell the highs, short terms buys still possible but i prefer the sell trades on this one. Price action always tells us what to do