Similar setup as with EURUSD, this one is clearer IMO.
Taget and stop on the chart.
Bullish harmonic (Nen star derived pattern)
2 scenarios, the bear scenario should be under control with that stop loss.
ABCDE/12345 open triangle wave structure, finishing C/3 wave. Wave D/4 coming, possibly hitting 1.3950 in the short term, 1.4550 in the mid term. Or maybe this is just an ABC correction, either way 1.3950 seems reallistic in a B wave.
Good luck!
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Open trade so far healthy. Nothing particularly strange other than those news coming from UK, as expected. Still heavy oversold, downtrend clearly slowing down. We'll see if this doesn't pick up speed down and confirms my scenario.
Cheers!
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Looking good, about to pop?
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Nice extra leg down, now reentered at 1.3406. Same stop.