Price retreated today due to GBP fundamentals namely BREXIT. No technical damage has been done to price though and therefore the idea is still on
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we have lift off! Price has taken out the upper channel. The implications of this idea is 2 fold. That crude oil is likely to be weak and that the market may be pricing in the BREXIT issue favorably for the GBP
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Price action is still good to the upside but I was expecting a stronger impulse move upwards so I am not ruling out a retest of the breakout area
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This idea fared better than the eurcad idea. Was expecting a stronger upside though...
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TadeMark
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I am looking to sell tomorrow noon/evenig
Olu
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@TadeMark, are you shorting this now? playing the 'sell the resistance' idea?