Pullback_Perfection

Pullback or breakout of channel?

OANDA:UK100GBP   UK 100
Uk100 is currently at the top of an up channel and is getting nearer to the 0.618 LVL of the corona drop. It is also at the end of the Elliot wave which should mean a breakout to the downside. I personally don't think this will happen for a few reasons. First one being the rising optimism and secondly being the Brexit coming closer to a deal. The recent news has been really positive for the UK but this could fade by any tweet or news that comes out later. I believe that a retracement/pullback is needed in order to push higher. A lot of shorts are setting up and there is long route ahead. I am short term bearish long term bullish. Keep an eye open for any kind of influential news and act quickly :). Have a nice weekend.
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