You can see that I was very Bullish oriented regarding GBP pair. However, this week weekly candle looks very Bearish. I don't understand where is Bullish resistance? Why price is falling like a stone?
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Small gap downside is not really good sign for Bears.
Order cancelled
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Trade active
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Trade active
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Trade closed: target reached
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The dangerous asset. A rigorous risk management is mandatory.
@Johanes, Thank you for your comment! Excellent analysis!
james0782
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Because of Brexit
UnknownUnicorn163516
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@james0782, Thank you for a comment. I don't use fundamental in my analysis, just pure Technical analysis. However, let's see a dynamics nest week, both trade directions are very risky.
james0782
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@FreshOilTrader, I don't use fundamental that much but at the moment most will agree that the pound is trading in relation with Brexit. Watch out on Tuesday when the MPs vote and am almost sure a spike will happen.