Higher highs, higher lows, two legged pullback holding previous level of support, now targeting previous highs. Look for entries on H4/H1 pullbacks, and ensure that H4/H1 price action is above 200ema with nice uptrend structure.
Stop Loss set at 1.3790 (just under the demand zone).
TRADING IDEA - NOT INVESTMENT OPPORTUNITY.
Stop Loss set at 1.3790 (just under the demand zone).
TRADING IDEA - NOT INVESTMENT OPPORTUNITY.
Trade closed manually
Trade closed: stop reached:
?Took a detour before hitting the previous highs of 1.4170. Shame it didn't work out, I guess the pound decided that it was overextended and took a breather before climbing again.
If the current 1.3800 level breaks convincingly, it's likely the pound could go down to 1.36 or even further. At the moment, it's not clear.