Ok so we can see a clear trend pattern, looking for a a simple long position, lets hope this volatility caused by the GBP does not ruin this. Stop loss is the purple line obvss. Max TP point around 1.6000
Have nice day :) lol
Ok so, as we can clearly see the channel indicated by the green lines. We can also see the direction of the trend, the key point to look out for will be the resistant point, indicated by the red line @ 1.33...
First time I am doing this, let me know what you think!
Ok so, key things to look out for, 26th and 28th of Feb!
So I have two green arrows representing my temporary long while, the two green horizontal lines indicate their resistant points.
Likewise the two red arrows are for my short positions.
Lets keep an eye on this, we will start to have an idea of what...