GBP big short or long
This pair is respectively moving inside this channel while a downward breakout happened price was strongly pushed back inside the channel , this week is full of economic data with Britain having new restrictions due to an urge in the covid-cases .
My position is neutral for now will be waiting for price action confirmation with a mix of news , to see if price will be able to go back above the 200 EMA or will struggle and manage to fall back down .
my entry will be decided on the following : either a bullish candle closing above the 200 or a failed attempt to go back up with a retest and a bearish candle .
My position is neutral for now will be waiting for price action confirmation with a mix of news , to see if price will be able to go back above the 200 EMA or will struggle and manage to fall back down .
my entry will be decided on the following : either a bullish candle closing above the 200 or a failed attempt to go back up with a retest and a bearish candle .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.