Preferred direction: SELL
Comment: The British pound starts the week also unchanged, here we still expect a fall towards the levels of 1.26000 and 1.25000. The pound stood out for its larger upward correction against the dollar, but this currency pair has been looking more for a sell-trade.
Particular attention is paid to intraday time periods, where divergence is forming at the time of writing this trading idea. Such an entry point can be very profitable, since with a smaller stop loss (for short-term intraday trading) give us a larger take profit (for medium-term trading). The targets are the same, as written above.
Thank you for like and share your views!
Comment: The British pound starts the week also unchanged, here we still expect a fall towards the levels of 1.26000 and 1.25000. The pound stood out for its larger upward correction against the dollar, but this currency pair has been looking more for a sell-trade.
Particular attention is paid to intraday time periods, where divergence is forming at the time of writing this trading idea. Such an entry point can be very profitable, since with a smaller stop loss (for short-term intraday trading) give us a larger take profit (for medium-term trading). The targets are the same, as written above.
Thank you for like and share your views!
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