Hey guys, this analysis is done upon request from some of you.
I will highly suggest not trading the pound for the next few weeks.
No clear direction unless I zoom all the way out on the weekly chart.
This is probably a timeframe that most are not accustomed to trade on, stops and targets are huge!
Just sharing my view.
If the pound does a fierce deadcat bounce from 1.24 to 1.35, that is where probably you could execute a trend continuation trade to continue shorting it.
In the shorter timeframe, I don't see any setup that I can execute on, highly suggest for you to look at my other trade ideas to trade on.
Have a great weekend guys!
I will highly suggest not trading the pound for the next few weeks.
No clear direction unless I zoom all the way out on the weekly chart.
This is probably a timeframe that most are not accustomed to trade on, stops and targets are huge!
Just sharing my view.
If the pound does a fierce deadcat bounce from 1.24 to 1.35, that is where probably you could execute a trend continuation trade to continue shorting it.
In the shorter timeframe, I don't see any setup that I can execute on, highly suggest for you to look at my other trade ideas to trade on.
Have a great weekend guys!