The Cable has been on the side line for nearly eight weeks looking for a direction. With Brexit optimism building up, there could be a surge in price against the greenback. As we have seen a flattened ascending channel with a bounce on every touch of the trendline, There seems to be a decreasing risk of price falling to he lower side. This been said, I am willing to go long at the current market price as major technical indicators has also shown.
Confluences; Ascending Trend
RSI - 38
Brexit in 2days
Price on Support for the 6th time in 8weeks
This is my idea not a signal.
Thoughts?
Confluences; Ascending Trend
RSI - 38
Brexit in 2days
Price on Support for the 6th time in 8weeks
This is my idea not a signal.
Thoughts?