Hi, based on the market structure we are looking that the Pound is in a consolidation range which sign of changing its behavior. Price may range a bit more but we have spotted earlier violation of the higher high/ higher low structure with a strong bearish engulfing candlestick.
Currently placing Sell Limit around 1.360- 1.365 range.
Good risk to reward ratio with 6 : 1.
Possible looking for more confirmation on lower timeframe for any price reaction or any bearish momentum signal.
Goodluck :D
Currently placing Sell Limit around 1.360- 1.365 range.
Good risk to reward ratio with 6 : 1.
Possible looking for more confirmation on lower timeframe for any price reaction or any bearish momentum signal.
Goodluck :D