Price action push back down around the 0.88550 (Blue Line) which bring my bias for a possible short.
SL: 0.88920 as i don't believe price action will go near the daily resistance level of 0.88810
Both fundamental and technical analysis.
A bit late with the Post
i believe this is a high probability trade especially with the weak pound being displayed across the board.
All time frames signal further downwards momentum with the weekly and monthly showing bearish sentiment.
Upcoming elections also suggest the weakening of the pound as high levels of uncertainty are being displayed investors May...
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
more 4XSetUps @ 1482 Major Cross-Rates (741 on both sides) @ my GOOGLE...
Here i have gu. prices seem to be respecting that line on daily timeframe. i am looking for a possible long if i see that line is still being respected. if we see a break of that line i could possibly look for a short entry. i really want you guys to comment what you think and help me out on what i should do and dont.