I have gone down to a 4 Hour time frame, previous post was a daily chart. On the 4 Hour chart we are starting to see some support, this lines up with previous support.
If you apply a bollinger band on the pair you will also see that price is hitting the lower 2 standard deviation band which is likely to act as support for the shorter term.
so medium term you are short dollar, any fundamental ideas behind or just technical charting ?!
lukelehepuu
⋅
@SP.alexandru, mostly technical charting and the belief it has sold off a lot here, so getting long is not the worst idea I have had.
sp.alexandru
⋅
@lukelehepuu, you don't have the fundamentals with you ... and neither the dollar; dollar on medium term should rise which theoretically should push the cable down and it does not get a lot of help to straighten from anywhere else as these month is the month when article 50 should be appealed which is the epicenter of Brexit, so any spike up would be temporarily where in to would be sold by big houses.
lukelehepuu
⋅
@SP.alexandru, i don't need them as that is not how i trade... so no.