Give this one some time to develop before pulling the trigger. Based off the current price action I'm more inclined to think scenario 2 will pan out. I think the markets clears all the early buyers and then picks up nearer to the base of the prior bullish impulse.
Note
Looks like the sell-off is likely to continueNote
What a battering Sterling got this week, however, I think we are just about to enter a pretty interesting trading level that could present a serious change in sentiment.
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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.