Morning Traders!
Yesterday we saw a really stron bearish movement on the pair due to the BOE statement. Even they decided to rise the interest rate BOE anunced that they are not going to rise the interest rate in a long time. That was seen as bad news by the investors and the pair plummet.
Today we see that with that stron bearish movement the pair has broken two major H1 support levels and the bullish H1 trend line.
The pair is retesting now the last breaked major H1 support level and the trending line. What i expect is the price to bounce from there to reach the next support level at 147,900.
So today I am looking for sells in a M15 time frame.
Good Trading Traders!
Yesterday we saw a really stron bearish movement on the pair due to the BOE statement. Even they decided to rise the interest rate BOE anunced that they are not going to rise the interest rate in a long time. That was seen as bad news by the investors and the pair plummet.
Today we see that with that stron bearish movement the pair has broken two major H1 support levels and the bullish H1 trend line.
The pair is retesting now the last breaked major H1 support level and the trending line. What i expect is the price to bounce from there to reach the next support level at 147,900.
So today I am looking for sells in a M15 time frame.
Good Trading Traders!
Trade active:
Price close below M15 support so trade confirmed.
Trade closed: stop reached:
Just got in the trade too early.