I reckon PA will either:
1. Rise to the key level of 1.3 before returning back down to take profit level.
2. Not make it that high, come back down and break past the two strong resistances for a strong sell entry
Will update as things go on, should have an entry today that ends today.
1. Rise to the key level of 1.3 before returning back down to take profit level.
2. Not make it that high, come back down and break past the two strong resistances for a strong sell entry
Will update as things go on, should have an entry today that ends today.
Comment:
Still holidng onto my trade my stop loss is just past the 1.3 key level
Comment:
Trade finally broke below the support level and is heading towards my predicted take profit
Trade closed: target reached:
Successfully hit target.
BOE release news that they ae going to maintain what they've been doing which is 0.1 bank rate and quantitative easing which means there was not catalyst to strengthen the pound so the news worked in favour with my analysis.