1. - Price broke through the descending trend line acting as resistance yesterday (02/07/2018) - However today has come lower to possibly close within the trend-line again - This looks like a false breakout at the moment, however will need to be confirmed on a higher time-frame such as the weekly before entering a position
2. - False breakout/intersection with trend-line coincides with the 78.6 fib level of the recent bearish move (16/05/2018 - 05/06/2018)
3. -Potential double top formed on higher timeframes, doesnt look very clean however - Waiting for price to break the current ascending channel trendline
FUNDAMENTALS
- Still alot of fear surrounding brexit, until that subsides I think this should keep price down
Appreciate any thoughts, comments. Thanks for reading,