Given the current political turmoil surrounding the Brexit negotiations I can see more down side to the pound - on the other hand I expect the Dollar to continue to move up (FED say they will increase interest rates incrementally over the next 12 months) Taking this into account and the current structure break out I would say this is a good place to look for a short trade set up. I considered shorting today but given the proximity of the up trend line
I held off. Now price has broken down I'll wait for a flag and short the break out.
This is not investment advice
Trainer & Mentor