Maintaining the short position since August in this downtrend, a new opportunity occurs to increase short positions in this possible top.
As in August, the price is at a key point between the average of the higher tf, the fibo of 0.5 and the psychological level in the price.
The catalyst may be some of the news from next week for the pound or the dollar. There is a significant amount of highly volatile news that can cause price to continue its bearish structure.
As in August, the price is at a key point between the average of the higher tf, the fibo of 0.5 and the psychological level in the price.
The catalyst may be some of the news from next week for the pound or the dollar. There is a significant amount of highly volatile news that can cause price to continue its bearish structure.