Great risk to reward opportunity on GBPUSD
Pound has failed 8 consecutive trading days to hold above 1.3720 VS the Dollar.
Considering how long the Pound has been in this ever- expanding megaphone pattern, you would expect a break to the upside.
But recent price action could suggest that we are in for a reversal. Maybe not all the way down to 1 dollar a'pound, but a subtantial correction before it can break out.
Please share your thoughts:)
Considering how long the Pound has been in this ever- expanding megaphone pattern, you would expect a break to the upside.
But recent price action could suggest that we are in for a reversal. Maybe not all the way down to 1 dollar a'pound, but a subtantial correction before it can break out.
Please share your thoughts:)