I'm showing some interest in this pair especially while the harmonic bat pattern is near completion. I'm looking for price to drop below 1.540 before I go long.
Now that all the major news report have been released and factor in to current price movement, its possible with the current strength of the GBP and being in an oversold state while showing bullish divergence that price may start to rise and move away from my target zone. What keeps me hopeful, is that price is at structure which may get rejected.
Now that all the major news report have been released and factor in to current price movement, its possible with the current strength of the GBP and being in an oversold state while showing bullish divergence that price may start to rise and move away from my target zone. What keeps me hopeful, is that price is at structure which may get rejected.