Potential downside trend continuation
PA has formed a nice pin bar on a previous daily S&R zone as well as in a weekly S&R area. The daily candle couldn't close above the previous day's high, which along with the substantial wick, indicates weakness in the pound vs the dollar
Looking for bearish confirmation prior to entering trade. Targeting the 1.46 to 1.45 area for profit taking.
Looking for bearish confirmation prior to entering trade. Targeting the 1.46 to 1.45 area for profit taking.
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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.