Consolidation is formed. In my opinion, the higher the probability of a breakthrough down due to the overall strengthening of the US dollar.
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On the way of the downward movement, we have a local level of support and an upward long-term level of support. In such conditions, the entrance to the breakdown of the support level is not the optimal option. I think it's worth waiting for the good conditions for placing the stop.
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The variant of forming a small model "Head and shoulders":
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The variant of formation of a small model "Third Wave":
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Raising the rate will lead to a strengthening of the pound.
On the way of the downward movement, we have a local level of support and an upward long-term level of support. In such conditions, the entrance to the breakdown of the support level is not the optimal option. I think it's worth waiting for the good conditions for placing the stop.