Hello traders,
The first November week we saw British pound’s bullish breakout against the US dollar.
The British pound’s bullishness against the US dollar started to fade towards the end of Friday’s. But I believe that it still has some space to go up. Now we can possibility hove up-trend continuation, traders will likely look for correction, that's why It is worth shorting. Personally, I recommend shorting from first level of fib circle (Marked Red) :
After this correction we might see first level of fib circle breakout. That would be a good reason to go long. Before that I would not be surprised to see some flat movement. For now my top resistance level is around low made after Brexit.
This Idea also shows how to use arc breakout up, which I hope you will find useful.
I want to wish a good luck for the next week. Stay focused not only on TA, but also FA.
If you found anything useful in this Idea, please give it a like. Thank you.
The first November week we saw British pound’s bullish breakout against the US dollar.
The British pound’s bullishness against the US dollar started to fade towards the end of Friday’s. But I believe that it still has some space to go up. Now we can possibility hove up-trend continuation, traders will likely look for correction, that's why It is worth shorting. Personally, I recommend shorting from first level of fib circle (Marked Red) :
After this correction we might see first level of fib circle breakout. That would be a good reason to go long. Before that I would not be surprised to see some flat movement. For now my top resistance level is around low made after Brexit.
This Idea also shows how to use arc breakout up, which I hope you will find useful.
I want to wish a good luck for the next week. Stay focused not only on TA, but also FA.
If you found anything useful in this Idea, please give it a like. Thank you.
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。