Elections in Great Britain and the ECB meeting may be the cause of increased volatility. But we have an explicit long-term range with levels of support and resistance. A pound can break through support / resistance levels or stay inside the zone at 288 points. Trading in the range can be profitable. In this case, consolidation can be formed.
Trade active
Note
Note
Note
Such a scenario might be a good variant:Trade closed manually
I'll wait either to form a continuation pattern of the downward trend, or to form a medium-term model.Result: Loss -50 pips + commission, initial profit factor 5.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.