Fundamentally the pound is weakening. GDP is falling, the economy is having a rough time during corona virus and a potential second nation wide lockdown.
Technically we can see an ascending channel on H4 but more interestingly we can see a bullish flag on H1.
It broke out of the ascending channel but came straight back in after failing the re-test which is why we MUST wait for a re-test.
MAD buy signal on H1 is needed before entry.
Technically we can see an ascending channel on H4 but more interestingly we can see a bullish flag on H1.
It broke out of the ascending channel but came straight back in after failing the re-test which is why we MUST wait for a re-test.
MAD buy signal on H1 is needed before entry.