week not looking good for the pound, as European border close to the uk due to the rise of covid and deadline getting closer for Brexit with a very likely not deal scenario. on the weekly chart it seems as the price reached the end of the 5th wave and a key level 1.35000, scaling down to the 4hr the bearish pressure started on Thursday managed to break the previous low and this along fundamental could be a a strong sign of a reversal. sell off too extended now better to keep an eye on the pair, wait for a retrecment and get in for a sell
Comment:
HEAD AND SHOULDER NEACK LINE BREAK
Trade closed: stop reached