Good morning Traders! Last week, bad economic U.K. data was released, but from a technical point of view, there is still much uncertainty in the short-medium term. In short tern, we see "double top" risk (5 waves completed), and it means that a strong "reversal pattern" must appear to cancel it! This weekend, we will publish in our trading room some small technical details, useful to predict potential bullish/bearish bankruptcy (only for our Traders). On chart above, we showed the key levels and impulsive movements that hold the bullish structure in progress ... Even this week, we expect that cable will give us some interesting trading opportunities, we'll see..
If you think this analysis can be useful, leave a your comment or your ILIKE! Thank you for support and trade with care!
Hey, I have similar view, thogh our count is a bit difference, final target is pretty same, fundamentals aren't on gbp side, but technics shows something different. Regards.