Hi,
Risky, because it is GBP :)
A possible short-term reversal should stay inside the marked red box. It consists of:
1. The trendline, nice and clean touches, waiting for the third.
2. The orange horizontal line is the previously worked support level which now should act as a resistance. They both make up a solid crossing area.
3. Short-term AB=CD
4. The mid- and round number 143.500 & 144.000
5. Wait for a bearish candlestick pattern and let the price action guides you into the trade.
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Best regards,
Vaido
Risky, because it is GBP :)
A possible short-term reversal should stay inside the marked red box. It consists of:
1. The trendline, nice and clean touches, waiting for the third.
2. The orange horizontal line is the previously worked support level which now should act as a resistance. They both make up a solid crossing area.
3. Short-term AB=CD
4. The mid- and round number 143.500 & 144.000
5. Wait for a bearish candlestick pattern and let the price action guides you into the trade.
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Best regards,
Vaido