On daily chart I mentioned it is now in downtrend or correction movement with the rebouncing of usdollar and dovish speech.
If some one shows interest in short term trading with good risk-reward ratio, u may consider to take anti-trend trade, trying to capture the retracement of the pair and take profit quickly.
On 1h chart, there is a bullish cypher pattern of pound at 1.3100, near 1.3090 I mentioned before, price may get some support temporarily.Watch the price action there.
Enjoy if u like.
If some one shows interest in short term trading with good risk-reward ratio, u may consider to take anti-trend trade, trying to capture the retracement of the pair and take profit quickly.
On 1h chart, there is a bullish cypher pattern of pound at 1.3100, near 1.3090 I mentioned before, price may get some support temporarily.Watch the price action there.
Enjoy if u like.
Note
Approaching 1.3090, consider to buy dip , watch levels at 1.3060,1.3030Note
Nice shot if u long at D point
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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.
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.