Hey everyone, the pound is pulled up from the support level 119... the price will test the next resistance level of 121 and from this point either it'll break or it can slightly pull back to stay inside the falling wedge, regardless I think for long term the price will most likely rise.. Price can hit 126 if we see strong divergences using Macd..
Good luck...
31 October 2020
BXY has broke it's support. Stoch is showing sign entering the oversold.
We anticipate the price to go further down in the next week movement.
British Pound shows an upbeat movement even though in the light of Brexit struggles. I can totally understand why the market is on sideways or consolidation phase. The trigger for British Pound to become bullish will be the favourable deal on Brexit anytime soon.
Key Trading Plan:
i) LONG if the price breaks the resistance of 126.00 with the Take Profit...
Key Trading Plan:
i) SHORT from the current price with the Take Profit Target 1 at the support level of 122.5 and even lower at 121.1
ii) LONG if the price breaks the resistance level of 128.4 to the Take Profit Target at 130.1
Key Trading Plan:
1) SHORT from the current price to the Take Profit Target of 121.1
2) LONG if the price breaks the resistance level of 125.6 with the Take Profit Target at 127.9
Hey guys,
I personally am not going to trade this but I saw this and thought it would be nice to share it with you. I personally think CABLE and DRAGON are acting up for this reason and essentially there is a short term bubble in them.
I personally am waiting for a little bit of a push upward and then a return back to the normal descending trend.
Thank you,
Masih
