We could have a lovely 300 pip swing trade opportunity here big pip moves on this pairing are not unusual as the past 2 weeks running have seen a 300+ pip move.
Again this is a trade with confluence as you can see our yellow box is where we are looking for price to hit, this lines up with old support and resistance so a key level this would also be the 3rd touch of our trend line so from this level we will be looking for long trades as the 3rd touch can be significant and the bulls could take over from the bulls at this level.
Trading GBP pairings at the moment can be more risky than swimming naked through a shark infested waters ( as they might see a small thing dangling and think its a worm ) haha. So as always if trading use correct risk management!
Again this is a trade with confluence as you can see our yellow box is where we are looking for price to hit, this lines up with old support and resistance so a key level this would also be the 3rd touch of our trend line so from this level we will be looking for long trades as the 3rd touch can be significant and the bulls could take over from the bulls at this level.
Trading GBP pairings at the moment can be more risky than swimming naked through a shark infested waters ( as they might see a small thing dangling and think its a worm ) haha. So as always if trading use correct risk management!