Hope you all are having a great weekend.
The pound pairs have recently been spiralling down with no stop in sight. However, this pair seems to have finally found a support and come to a halt.
A breakout of the 4 hour trend line has taken place but I would be cautious as it could be a fake out.
Having said this, I will be adding longs if it retests off my trend line or if it does come back down to my buy zone - upon confirmation (price action).
Trade safe and good luck!
The pound pairs have recently been spiralling down with no stop in sight. However, this pair seems to have finally found a support and come to a halt.
A breakout of the 4 hour trend line has taken place but I would be cautious as it could be a fake out.
Having said this, I will be adding longs if it retests off my trend line or if it does come back down to my buy zone - upon confirmation (price action).
Trade safe and good luck!
Comment:
Retest and potential bounce now.
Comment:
We've come back to the buy zone to create a potential double bottom. Long positions added.