This is what I'm looking for next week. Dxy breaking key levels and pound in the bin as a result especially with EU blocking vaccine exports to UK.
Lots of confluences for price to react.
4hr Support
200 EMA
3rd Touch of channel
Clear new LL's LH's structure
61.8% fib
Target is the 800ema and 1.35 key level
A break above the channel see's buys up to 1.41 but given the key breakout on the weekly and daily timeframes could be a bad end to the month for cable
Lots of confluences for price to react.
4hr Support
200 EMA
3rd Touch of channel
Clear new LL's LH's structure
61.8% fib
Target is the 800ema and 1.35 key level
A break above the channel see's buys up to 1.41 but given the key breakout on the weekly and daily timeframes could be a bad end to the month for cable