Inverse Cup and Handle has formed on daily with not a great handle (but a Bear Rectangle)
MAs all clustered which signals indecision with which direction it wants to go.
There is clearly strong momentum to the downside and so the target is 1.8267
With the current tax issues in the UK since Liz Truss and the failing economy, investors are more wary with the pound and the direction on where it's going.
The aftermath is showing more downside to come.
Bearish bias
MAs all clustered which signals indecision with which direction it wants to go.
There is clearly strong momentum to the downside and so the target is 1.8267
With the current tax issues in the UK since Liz Truss and the failing economy, investors are more wary with the pound and the direction on where it's going.
The aftermath is showing more downside to come.
Bearish bias
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.