Breaking the 1.7530 resistance, the 1.7680 will be at a stone's throw. I would love to see an houly retracement before trying to overcome 1.7530, but the pair price seems very determined to continue with the hike.
Good luck fellow traders.
Head and shoulders pattern finishing at the break of the neckline.
Bullish divergence showing on the 4 hour chart.
daily uptrend still in tact with higher highs and higher lows, keeping dow theory in tact.
Good support around this level (where 1st wave ended + acted as previous resistance)
Fundamentals (mainly brexit) will dictate every trade involving the GBP. Tight stops needed. Break below the 1st wave (blue line) will negate the trade
After breaking out of the monthly wedge and retesting we are seeing another breakout this time of the daily ascending wedge. Currently we are seeing the pair ranging sideways but I am confident that we will see a break above the box and onto 1.77000s.
Price is at weekly resistance, possibly forming a weekly doji means strong rejection.
4hr consolidation structure is broken and currently retesting.
I am in the sell from 7510.
Beware its a long term trade.