Retracement 50% completed qualifying a partial decline.
Descending wedge pattern with possible upward breakout.
Kindly let me know what you think.
Current news:
Australia banks raising interest rates, speculation RBA will need further cut in Nov meeting.
Year end Christmas will spur more spending in the UK with more disposable income generated from low inflation.
Consumer spending may continue to pick up from the World Rugby championship.
This will in turn contribute positively to UK GDP results.
Descending wedge pattern with possible upward breakout.
Kindly let me know what you think.
Current news:
Australia banks raising interest rates, speculation RBA will need further cut in Nov meeting.
Year end Christmas will spur more spending in the UK with more disposable income generated from low inflation.
Consumer spending may continue to pick up from the World Rugby championship.
This will in turn contribute positively to UK GDP results.
Trade closed manually:
Closed the trade with some profit.
