Falling market since the end of last year.
the last few days,we were in the correction phase.(rising channel)
The key level drawed out by the pruple rejected .
Technically this is a classic trend continuation trade but
Fundamentally inflation numbers for GBP will be out in the morning(to those who live in Europe/uk)
If inflation is higher than 3% i will be bulllish.
if Inflation is in the range 2-3%, i will be bearish.
the last few days,we were in the correction phase.(rising channel)
The key level drawed out by the pruple rejected .
Technically this is a classic trend continuation trade but
Fundamentally inflation numbers for GBP will be out in the morning(to those who live in Europe/uk)
If inflation is higher than 3% i will be bulllish.
if Inflation is in the range 2-3%, i will be bearish.