Hello everyone, 1:8 R:R Trade. Not bad! We are expecting the GBPUSD (Pound) to start skyrocketing to the upside in the next few days. More details on the chart.
I actually quit trading for this week but this opportunity looks too juicy to pass on
Lol cant believe were having another up week on foreign currencies
Upward momentum losing strength and RSI has diverged.
Could this be a double bottom for british pound? We will see. If so, the target is 1.68. WOOW
Technicals Persimmon is holding at key support and showing signs of attracting value hunters. I also note the bullish divergence on the relative ratio (Persimmon share price / UKX). The price of sterling has been a drag on the shares and with GBP moving higher yesterday it could offer some relief to domestic stocks. Technically and fundamentally, Persimmon looks...