potential trend violation

hey guys,

pound dollar reached a decision zone.
bullish violation of 1.32 - 1.33 area will signify a clear bearish trend violation.

however, please, take into account that on a daily the market is already overbought,
and it is too early to announce a trend violation.
I will be waiting for a decent bullish violation of 1.32 - 1.33 to buy the market.

Decision zone that we have identified perfectly matches with a neckline of a beautiful head and shoulders pattern,
and give you an additional confirmation.

But I'll say it again:
for now, the market is still inside a decision zone, so it is early to take an action.

good luck!

Kommentera:

Breakout is not confirmed