List of confluences:
1: Trendline breakout on daily chart
2: Rising wedge pattern breakout which signals trend continuation to the downside.
3:Key level breakout on daily chart.
4: Change in market structure from bullish to bearish.
We will be looking to sell this pair as it remains bearish despite BOE attempt to intervene in the weakening of the Pound.
Risk reward currently stands at approximately 9.13 to 1. So we could see a return of between 9.13% to 18.26 for this
particular trade if we risk between 1 - 2 percent of our account per trade.
Trade active:
Trade entered and will be looking to hold this position until target is reached or trade stopped out