After looking at the chart once more, I've spotted something else that might be in the offing. The boxes are Camarilla Pivot Points, highlighting potential turning points in the market, which nicely line up with the pattern!
I recently posted a trade idea that suggested more upside for the pound/follar. However, it's always good to stay prepared so I have also done some analysis as to why it could potentially go the other way. On a side note, if you're wondering what the boxes are on my chart, they are Camarilla Pivot Points; I like to use them because they seem to be very accurate as...