I usually dont trade the 2618 setup because the SL is too far for my trading style.
But long term im still very bearish on this pair and more than that, i expect "negative" rate news for the GBP (no rate hike until nex year)
Technically we have a double top. Price is currently touching the neckline and i expect a rebound.
We have near the 0.61 fib retracement also.
Best regards.
But long term im still very bearish on this pair and more than that, i expect "negative" rate news for the GBP (no rate hike until nex year)
Technically we have a double top. Price is currently touching the neckline and i expect a rebound.
We have near the 0.61 fib retracement also.
Best regards.
Comment:
first target hit, you can close all positions or leave one opened, sl to be