Weekly timeframe- clear rejection
4H- Could see a repeat of what we have seen before in the price structure. Rejecting the highs and this zone aswell.
Fundamentally the pound is weak and it is unlikely for it to make a new high here.
4H- Could see a repeat of what we have seen before in the price structure. Rejecting the highs and this zone aswell.
Fundamentally the pound is weak and it is unlikely for it to make a new high here.
Comment:
I traded this with a wider stop (95pips) and took profit at around 200 pips.