Last week we saw the pound hover around during Monday and Tuesday as investors were waiting for the parliamentary vote to pass. Having a negative outcome lead to the pound taking a tumble (I know I'm stating the obvious)
I am expecting a continued moved down this week breaking through a strong TL (Trendline) which can be seen via the orange line. Coming towards the end of last week, the pound consolidated up to market close giving us a symmetrical triangle. A breakout to the downside of this triangle along with a TL break would make this trade a very good one indeed.
I am expecting a continued moved down this week breaking through a strong TL (Trendline) which can be seen via the orange line. Coming towards the end of last week, the pound consolidated up to market close giving us a symmetrical triangle. A breakout to the downside of this triangle along with a TL break would make this trade a very good one indeed.