On the
daily chart of the Pound versus the Dollar we can see that the pair has been
oscillating around the 200 period exponential moving average and it has formed
what it appears to be a Head and Shoulders pattern. What we can do now is just
wait for the price to break below the neckline and then the pullback to the
same neckline for a possible short entry.
Good point! Will keep it in mind!
ReplyDeleteWait for possible short entry.
ReplyDeleteVery important alert, I'll keep an eye on the future.
ReplyDeleteWell spotted! I´ll be watching to those levels.
ReplyDeleteGood observation.
ReplyDeleteInteresting to read, thank you.
ReplyDeleteVery useful information.
ReplyDelete