Here we can see another strong support that has formed and has also been used as resistance before, price is nearly at this level now and we are expecting a bounce and a bullish run up to our resistance zone ( green box )
If we get this bullish run and price does turn at our resistance zone there is a possibility that a head and shoulders chart pattern will also be formed.. so keep your eye out for that.
GBP is up and down more than a w#ores knickers at the moment so just trade safely.
This trade will bag you around 100ish pips, but trade with correct risk management.
If we get this bullish run and price does turn at our resistance zone there is a possibility that a head and shoulders chart pattern will also be formed.. so keep your eye out for that.
GBP is up and down more than a w#ores knickers at the moment so just trade safely.
This trade will bag you around 100ish pips, but trade with correct risk management.