Pair in downtrend. We are exactly at strong resistance. I´m expecting rejection candle (1h done) on 4H chart. If you are brave enough you can enter now, if want to be safe wait for 4H candle close. TP zones are also strong pullback zones, TP your position partially. Never let your profit to disappear. SL is calculated as 1,2 ATR from daily chart. Don´t move your SL higher. BoE decision about rates is coming. If rates stays same I have no doubt this idea will work . If not we will hit the SL on Thursday. This is not a financial advice. Wish you good luck.
Comment:
Expecting volatile day. Purchase program and bank rate decision in 5 hours.
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