Big profit to be made from fundamentals, Sell limit on that 1.29490 level should be an instant profit, I am currently in a sell on the 1.29308 price level because the price is not breaking the descending trend line, but price should wick into the 1.29490 level when the BOE England meets at 12 pm e.s.t to cut interest rates
Note
Have adjusted stop loss to 1.29870. A break of the trendline has occurred and a retest is now taking place. Let's watch this nice setup playout. The fib also gives us another confirmation because the daily candle did not close above the 0.786 fib level. Let's sit back and let our money make money for us. I have personally jumped back in at 1.2950 because the price is currently retesting
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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.