I have a buy bias on this pair looking at higher timeframes and continued £ strength. On the daily timeframe, we're forming an ascending wedge of higher highs, and higher lows. We're looking to capitalise on this bull run by seeing a pullback into our confirmation zone which includes rejection of the 78.6% fib, the Point of Control (POC), and the ascending trend line. Happy Trading!
Trade active
And we're in! Took a while to decide what it was going to do but we're showing some nice profit!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.