Price has been consolidating just under this trendline and has returned to it once more.
Risk to Reward ratio is 1:3, with the stop loss slightly above the most recent high.
Theoretically, as long as the downtrend is intact, and with Brexit more likely officially happening, this is a good position to take.
Risk to Reward ratio is 1:3, with the stop loss slightly above the most recent high.
Theoretically, as long as the downtrend is intact, and with Brexit more likely officially happening, this is a good position to take.
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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.