I will be looking to take long positions on this pair as we continue on the long-standing upward trend line
We have broken a 2-year downward trendline this week, with the pound strengthening towards the end of last week we could see a rise and potential switch in momentum. Will wait for the market open to see direction before taking any trade.
Final pusg before this pair enters a declining stage, when we look to sell
if price retests the marked area and rejects i will look to buy
Potential sell opportunity here after the nice double top has been formed
Waiting for a double bottom to form here before taking a buy. Could be over a 200 pip move here.
Looks to me like a double top formation, will wait for rejection and then look to sell.
after last nights mega prices we see a big drop this morning around 280 pips, however, looking at the ma's we have 2 touches on the 200 and a cross of the 50 and 7 for me this only points to 1 thing.
going to be looking long here, as you can see resistance has turned support 3 times now and as the dollar continues to weaken I believe this will continue upwards.
clear uptrend here, waiting for confirmation on next candle before taking trade