Hey guys, probably it could be insane to go against the pound strength (after the last week with an outstanding rally) but as usual i do my analysis without considering macroeconomics events are happening these days. And that's because we're traders, not analysts: here on the daily chart (left-hand side) you can see price has fallen and reached a key structure point (in oversold condition); therefore i know i can look for trading opportunities on lower timeframes in order to catch a "relief rally" out of this bigger movement. I know it's against the bigger trend so be safe when trading these setups, always follow your plan.
P.S. I'm glad to announce my first weekly videoanalysis on my Youtube channel (link below) this week. Go there a subscribe (if you like the content)!
Let me know you feedbacks, and don't forget to comment here if you want to say something. I'll let you know if i'm getting involved. Otherwise, see you in the next chart!
Thanks Roker, I followed your advice. Just wonder where you see TP ?
Roker1
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@mgrzegorzak, unfortunately i wasn't able to take advantage of this opportunity, but i would have taken half of my position out now, and leave the rest around 0,8930
mgrzegorzak
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@Roker1, alright, did as you suggested. Thank you!