I think I'd be looking for a long position based on the broader look at the daily trendline, looks like it might find some support. I'd steer clear of this unless you feel confident that it'll break support. Looking at those tails I'd be tempted to go long once it shows me what it's gonna do.
Happy Trades
KC
Happy Trades
KC
DislikedDon't know about LH but price has being trying to break the daily resistance area around 1.5900 and the corrective range is narrowing - look at the daily chart.
Jump onboard the train if price breaks the resistance area as price may form another upswing visible on the weekly chart. Or it can break to the downside - a little tough to
tell at this moment. But I may try to position a low risk trade to the long side for a possible upside breakout if price shifts momentum back to the upside on the lower timeframe.
A TC short is in the early stages for GBP .....Ignored