hey guys,
pound dollar reached a decision zone.
bullish violation of 1.32 - 1.33 area will signify a clear bearish trend violation.
however, please, take into account that on a daily the market is already overbought,
and it is too early to announce a trend violation.
I will be waiting for a decent bullish violation of 1.32 - 1.33 to buy the market.
Decision zone that we have identified perfectly matches with a neckline of a beautiful head and shoulders pattern,
and give you an additional confirmation.
But I'll say it again:
for now, the market is still inside a decision zone, so it is early to take an action.
good luck!
Note
Breakout is not confirmed
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✅Join My Telegram Channel: t.me/VasilyTrading
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Related publications
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.