Hello Traders and thanks.
First, I want to state that i am bearish on the Pound. the Fundamentals supports it, BUT that doesn't mean that i would capitalize on an opportunity when i see it.
On this trade, I am bullish on Pound, but on a shorter term basis. Than being said, I still believe that we have a lot of liquidity to the downside and we might actually see the market trending down towards 180.764 level or 179.745 before finally going up. HOWEVER, price action precedes everything and thus, Once we get a convincing pattern from the current position, we can enter long.
First, I want to state that i am bearish on the Pound. the Fundamentals supports it, BUT that doesn't mean that i would capitalize on an opportunity when i see it.
On this trade, I am bullish on Pound, but on a shorter term basis. Than being said, I still believe that we have a lot of liquidity to the downside and we might actually see the market trending down towards 180.764 level or 179.745 before finally going up. HOWEVER, price action precedes everything and thus, Once we get a convincing pattern from the current position, we can enter long.
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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.