Two patterns in this trade with the highlighted pink displaying a bullish triangle as the downtrend got squeezed and broke out with buying pressure. This though could have been due to the bullish GBP in general with the news of lockdown easing and vaccines/antibody tests emerging left right and centre. This recent GBP strength might not be so strong relative to...
Another simple Head and Shoulders. Breakout in favour of GBP with the fib retracement retest at 0.382 before a skywards breakout. 2 Targets at the key fib levels with risk reward ratios at 1:3.5 and 1:6
Looking like a simple Head and shoulders with plenty of confluence. Retest looking at 0.786 fib level until a break below the neckline. GBP getting stronger as well due to news of non-essential retail stores reopening.