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First of all, we have a bearish structure on monthly timeframe, on weekly and daily is the same, but looking at it on 1h and 4h looks bullish with HH and HL, I believe the price is going up because of its structure and I´ll be waiting for it to get in the 200% extension and then have a retrocement in the 1.27 level, the market usually does those kind of...
Due to Dollar Index (DXY) impulsive bullish opening on Monday Market (Asian Session) , can Pound evolved into bullish pullback at the end Week of September ?
- I would wait for a re-test of the blue zone first.
- A clear price action would be the entry point
- This is on D-W timeframes so it will take a while..
- R:R is ~1:4
Hello guys, in H1 and H4 timeframe indicators show that Sterling Pound is oversold, and then, we could to get a benefited of the correction of this par that maybe it's could be to up. Now, it's very important that in H1 timeframe we entry with a price action strategy, so, we have a grant bullish candlestick, but now, we hope a confirmation of this par to entry...
Price, trading off the head and shoulders formation seems to be concealed in a ascending wedge. Great bull-ish momentum may be early signals for a strong pound.
The Sterling Pound
The markets were optimistic regarding Germany’s Merkel agreement for the Irish backstop. The divorce with the EU, and Boris Johnson’s plan to meet with the Merkel will probably not accomplish any progress but headlines have moved Sterling a little higher.
