Hello Traders,
Among all the pound pairs, I expect this one to make some correction before going up. The price is over bought in daily and formed divergence in 4 hour. A short term sell idea looks good(Note :This is counter trend). This pair has broken 8 year old trend line recently and has more room go up. I will be looking to buy this pair around 8360.
8 year old trend line broken.
Among all the pound pairs, I expect this one to make some correction before going up. The price is over bought in daily and formed divergence in 4 hour. A short term sell idea looks good(Note :This is counter trend). This pair has broken 8 year old trend line recently and has more room go up. I will be looking to buy this pair around 8360.
8 year old trend line broken.
Comment:
Short target achieved rather quickly. Waiting for good PA and volume for a long entry. It may fall further.