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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.