British Pound can decline to support line and even breaked
Hello to the TradingView community and my followers, please, if you like ideas, don't forget to support them with likes and comments, thank you so much and we'll get started.
Today, I want to talk to you about the British Pound chart.
Now, British pound trades inside of something similar to ascending wedge.
Also, price bounced down of top part of wedge.
I expect that price can one more movement up and then start to decline.
The first target is support level which also coincide with support line of ascending wedge.
Then, I think British pound can break support level and continue decline.
That's why I set up second target at $1.1450 level.
I expect this scenario.
This is my opinion, I really hope it will be useful for you.
Be prepared and save your money. Make big profits!
Today, I want to talk to you about the British Pound chart.
Now, British pound trades inside of something similar to ascending wedge.
Also, price bounced down of top part of wedge.
I expect that price can one more movement up and then start to decline.
The first target is support level which also coincide with support line of ascending wedge.
Then, I think British pound can break support level and continue decline.
That's why I set up second target at $1.1450 level.
I expect this scenario.
This is my opinion, I really hope it will be useful for you.
Be prepared and save your money. Make big profits!