i am still bear bias despite the that liquidity grab to pull buyers in lets see out this plays
hope i dont get a fake out before the move but it will go down. going to hold and wait
if i see a break and hold above its consolidation pattern of previous there is a chance that GBP will push back into its long term channel but on the flip side if starts a downtrend it will head back to consolidating again but overall i think this pair will swing back into the former channel to continue its channel trade pattern. again my opinion
just waiting for a double top to form possibly i will be keeping a close eye next week beginning
caught the sell and placed a little retrace buy. the sell i took was a sell stop and continued so im just basically taking a retrace long as im still holding on my short positions
2 out of two this week on this lovely pair. still a bulls market though this is merely a retrace on the weekly TF monthly still bullish