Sterling Sell Opportunities
Awaiting a pull back and an exhausted bull candle to trigger a sell. It isn't clear if price will simply continue down or pull back to allow an ideal entry however keep an eye out as price approaches the 50% fib as it's likely traders will liquidate short positions which will allow for a pull back and re-entry to the downside.
Brexit fears and what I expect will be a dovish BOE statement this week coming should put more pressure on Sterling to the benefit of the downside.
Brexit fears and what I expect will be a dovish BOE statement this week coming should put more pressure on Sterling to the benefit of the downside.
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.