This pair is respectively moving inside this channel while a downward breakout happened price was strongly pushed back inside the channel , this week is full of economic data with Britain having new restrictions due to an urge in the covid-cases .
My position is neutral for now will be waiting for price action confirmation with a mix of news , to see if price will be able to go back above the 200 EMA or will struggle and manage to fall back down .
my entry will be decided on the following : either a bullish candle closing above the 200 or a failed attempt to go back up with a retest and a bearish candle .
My position is neutral for now will be waiting for price action confirmation with a mix of news , to see if price will be able to go back above the 200 EMA or will struggle and manage to fall back down .
my entry will be decided on the following : either a bullish candle closing above the 200 or a failed attempt to go back up with a retest and a bearish candle .