Hi everyone at the moment if the price holds here , a correction will be made to either one of the two levels indicated where I will position myself to short back down to the pink /purple trendline making the weekly triangle
any questions comments let me know
my third short in 10day
my 2 first was won with total of + 170 pips
AS a fail of 1.3610 many time and rejection
As Merkel faces coalition talks ( it impact brexit also)
AS dollars start Strenght since FOMC and Yelann Hawkish talk and view
Also in Daily all MA are very far from the price so a more deep correction is legit
and some other reason i not have in mind...
In this Chart we are seeing a very weak Trend *weak = down movement* it all started from there 3 little up bars
look at their volumes, very low, and every up bar with low volume it means lack of demand.
no look at No Demand 2 it tried to test the Demand, the result was no demand! it's very good signal of the down trend.
so we have 3 targets, and each target the...
Note and Remember this idea is technical not fundamentally ,
According to Techincal , It`s down move 3000 pips and make flag pattern and then it`s down 3000 pips also reached and now flag pattern complete , Now time gbp going up ,,,,,