Can the pound really go any lower than this?
We are sitting near all time lows with 1.19 being that low.
Currently in an accumulation phase on the daily chart bouncing off a support from 2017 that has never gotten tested. Also bouncing off the third touch of a counter channel.
Good technical confluence.
The pound has taken a vicious beating this year and rightfully so with all the negatives news coming out of England. But it might just be priced in already. This is a swing trade worth looking into.
Trade at your own risk.
Avo
We are sitting near all time lows with 1.19 being that low.
Currently in an accumulation phase on the daily chart bouncing off a support from 2017 that has never gotten tested. Also bouncing off the third touch of a counter channel.
Good technical confluence.
The pound has taken a vicious beating this year and rightfully so with all the negatives news coming out of England. But it might just be priced in already. This is a swing trade worth looking into.
Trade at your own risk.
Avo