This pair is insane. Went Short on London open, and after that fall I thought I'm good. Price not only came to my entry, it passed it, then to drop again.. Insane pair.
I'll leave this as is for now. Don't know what to expect..
On one hour chart there's a series of lower lows thats blocking the price from moving forward.i'll put a test short position here. downside is too good not to. and am gonna regret this , lol
If you switch to the 1 hr chart and draw a support line at 166.51 you'll see that bulls have very strong support on that area. Its very important that they donot loose that support.
Daily about to confirm Short. If Weekly confirms Short it's over.. this means market has started to price in recession and Pound is about to drop hard.
