- Price keeps bouncing off $1.29 (red horizontal line)
- 1-hour chart clearly shows a perfect example of a , getting narrower between the upper downwards and the major $1.29
- Given a situation where Brexit trade talks fail and tensions rise even more between London and Brussels, then eventually we could see a breakout below the $1.29 level at the end of the
- However, if Bernie Sanders keeps dominating in the US, then things might go quite differently. Though indication of a is strong here.
- If breakout happens, next major is $1.28 (green horizontal line)
**Note that I am not responsible for your trading decisions. It is solely your responsibility to make your own decisions ;)