After catching 100+ pips n this pair last week it looks like to has completed a retracement to our wick zone and has potential for another impulsive wave, and is hopefully able to break through 1.2575 and head towards 1.2750. This trade looks like a great set up to me HOWEVER the new prime minister of the UK will be announced this Tuesday so I am expecting some volatility in the pound so O am weary about taking this trade.
Trade closed: stop reached:
As I said weary about taking the trade so did not enter.