I will be watching this pair closely this week with major fundamentals happening in both nations on Tuesday 31 March.
GBP - GDP released.
USD - CB Consumer Confidence (Mar).
Current Price action is approaching the 0.618 Fib level on the Daily Time Frame.
On the 1 Hour - I will be monitoring a breakout of the bullish parallel channel and accumulation towards a 3rd touch of the bottom channel. Price needs to close outside with a 2nd candle confirmation before entry.
Please comment your thoughts and ideas below - Id love to interact with you and pick your brain.
*NotFinancialAdvise
GBP - GDP released.
USD - CB Consumer Confidence (Mar).
Current Price action is approaching the 0.618 Fib level on the Daily Time Frame.
On the 1 Hour - I will be monitoring a breakout of the bullish parallel channel and accumulation towards a 3rd touch of the bottom channel. Price needs to close outside with a 2nd candle confirmation before entry.
Please comment your thoughts and ideas below - Id love to interact with you and pick your brain.
*NotFinancialAdvise