The Pound reached a critical support level. If we see the market hold here, it'll go back to the top of the range, or it could even start an uptrend in the weekly or monthly.
I'd reccomend risking 1-3 average ranges down from the low if going long. I already bought a bit lower before publishing, sorry for that. I bought at 1.2222, but it's still good around here.
Good luck!
Ivan Labrie.
I'd reccomend risking 1-3 average ranges down from the low if going long. I already bought a bit lower before publishing, sorry for that. I bought at 1.2222, but it's still good around here.
Good luck!
Ivan Labrie.
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54 pips from the post. Who else got in?Note
Note
Absolutely underwhelming turn around in the Pound, it's underperforming most currencies too. Really bad situation, if we don't hold here.Note
I'm long once again, started with a small position and a wide stop.
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I think the bottom's 100% confirmed now, reenter on dips if out.Note
After today's action, we have good odds of marching higher progressively.Hold longs, or reenter if flat.
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I'd like to add on dips to support here, watching to see if we go a bit lower.Note
It did hold!
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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.