A trend reversal on the way or..
If 2.09154 holds then we have a successful breakout re-test with a clear target at 2.25005.
One sometimes gets blind of these intradays moves and I have another trade idea of shorting this one big time posted...well it seems I have to change my mind since this pair has gone from a downtrend to ranging and now heading for a trend reversal.
Even if the pound fails this first breakout and re-test attempt I dont think it will pullback that far and will hit these levels very directly after.
I dont know about you but I wont say no to roughly 1500 (ish) pips taking a set and forget trade from this level. I have a similar scenario posted about EURNZD as well.
One sometimes gets blind of these intradays moves and I have another trade idea of shorting this one big time posted...well it seems I have to change my mind since this pair has gone from a downtrend to ranging and now heading for a trend reversal.
Even if the pound fails this first breakout and re-test attempt I dont think it will pullback that far and will hit these levels very directly after.
I dont know about you but I wont say no to roughly 1500 (ish) pips taking a set and forget trade from this level. I have a similar scenario posted about EURNZD as well.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.