Chart of the Week
Following up from last week, the Pound moved upwards on Thursday and Friday but the luck of momentum was obvious due to the establishment of the current downtrend. The weekly candle closed bearish therefore this week we expected to see more weakness in the pair.
Also, the Daily candle on Friday closed as a bearish reversal due to the selling pressure accumulated during the New York Trading Session.
Therefore short trades will be ideal the first week of October
Also, the Daily candle on Friday closed as a bearish reversal due to the selling pressure accumulated during the New York Trading Session.
Therefore short trades will be ideal the first week of October
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