Similar to EURUSD, the Pound is sliding downwards at the moment, forming a series of lower lows and lower highs. Should price come back and retest the 1.4875 region, it would be a decent shorting opportunity to ride on the down trend, with stops just above the 1.4895 level and target around the 1.4650 level.
I would love to hear your opinion, feel free to comment, agree or disagree.
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KY
I would love to hear your opinion, feel free to comment, agree or disagree.
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at www.facebook.com/groups/fxpipsology/ The only thing you need to 'pay' is your commitment to trading and sharing!
Have a great pipping day!
www.fxpipsology.com/
www.facebook.com/fxpipsology
Cheers,
KY
