Last week we saw the pound hover around during Monday and Tuesday as investors were waiting for the parliamentary vote to pass. Having a negative outcome lead to the pound taking a tumble (I know I'm stating the obvious)
I am expecting a continued moved down this week breaking through a strong TL (Trendline) which can be seen via the orange line. Coming towards...
Ascending triangle is seen with the assistance of the TL. The price has stalled at the current Resistance zone create a triple top. I would like to see the TL broken before placing a short position trade with stops just above this TL.
Basic price action, broke key Resistance line on the upwards scale. GBP is technically over bought and should fundamentally be worth 0 with all the brexit shenanigans.
Looking for a semi drop before a consolidation period followed by a larger progressive fall.