Price in a W formation to then go on the larger picture for a M formation. lets see how this one plays out. Patience is key
We can see the price will continue here its drop
Long for now after that we go short when trendline is hit. lets see how it plays out
Possible senario before GBP news. I see price creating a m patron to enduce buyers then go long. Price should catch first tp green line and then we watch how price react, if possible downside further or already long. Because we got GBP new coming in my view it looks positive so it should get price back up.
LONG Position Price just break out the trendline making a little retest and should go up
Price should go up as reversal but the overal trend in my opinion remains short