🔸 4H CHART EXPLANATION: . 🔸 Price has been consolidating, and has also broken the Descending Trendline. . 🔸 After the trendline breakout, it did a clear ABC corrective move, pullbacking to the Support Zone. . 🔸 A Head and Shoulders Pattern can be observed also. . 🔸 It has potential to reach the Resistance Zone.
Yesterday's uptrend I was expecting and anticipating. Many traders are saying it’s going to go into retracement along with a downward trend. I’m staying firm on my buy order. I placed my buy limit at 133.90. I’ll let a Small retracement happen then I’m placing another buy order going Long. Thanks for posting this. The Sterling is making a come back.
ThinkingAntsOk
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@JoeSedona, Nice view, Joe. Agree, we may see a retracement in the short term at the current zone (133.00) but our view remains bullish. Thank you for your comment!