Looking for further GBP weakness
I expect further GBP weakness to persist. I would place sell at 1.3530 due to bespoke resistance on 1h chart. 200MA, 50% fib retracement, and channel upper trend line should provide good opportunity to enter short.
Entry 1.3530--13.550
SL 1.3615
TP: I expect lower trendline to break and further downward move to get us to 1.3250 or maybe even more.
RR ratio over 1:3
Entry 1.3530--13.550
SL 1.3615
TP: I expect lower trendline to break and further downward move to get us to 1.3250 or maybe even more.
RR ratio over 1:3
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