Can we keep the pound contained within its bearish channel? If so, expect some powerful bearishness. Only bullish above recent highs.
Hey traders, here's an opportunity I've been scouting for a few weeks. It seems as though we are about to see some bearishness in the pound next week. I will be looking for short opportunities as we may confirm a triangle breakout and potentially fall further down the bearish channel.
Not something I trade but ratios line up
For me, this should be one of the best trades for next week. I see a falling wedge in the 1D frame, and right now we´re touching his top. Since beginning jan 2017 we had been trading the thin pink channel, and right now we see a trangle ready for us in between those gross red lines. Also remember that dobule bottom we´re in since october last year showing us how...
ive decided to start using my black charts again, the break from them was nice, but here we got a nice cypher pattern coming up for the pound index! meaning pound pairs must be setting up to buy. i trade structure before anything else and structure indicates we may see some bulls coming into play! look at some british pairs and pick your setup! thumbs up for more...