For short Term setup. 2nd shoulder could take off next week.
This is my idea for next week. Not risking anything for this pair right now. Price will bite down on this resistance before going anywhere.
Heading towards a strong support. Scalping next week for long trades then short after target is met.
An obvious channel. I think this would form a rectangle pattern which might signal continuation. The pair has a lot of resistances to clear before going up.
Also there's a bullish bat as you can see.. Then a huge bullish candle on the 4 hour chart... Do you even want to ask for more confirmation?
Waited all day for a wide body candle to go long....
I really have no bias.....but will trade if a wide body candle appears.
Canada has a very positive forecast later. Will there be a huge GBP selloff following this upward channel rally?