Where GBP Rates May get pushed.....
Updated
As a raw technical trader, i pride myself in trading by anticipating markets through technical analysis. here we see raw price action coming into play as we have AB=CD pattern on the 4 hour chart. this is also in confluence with monthly support. i aim to take this trade for about 4-100 pips back up if everything goes according to plan. Beware this is counter trend trading and risk management should be used appropriately.....happy trading!
Trade closed: target reached
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.