Consider futures for the pound.
The last few days bearish trend inside a large horizontal corridor.
An imbalance zone was formed at 1.3830-1.3880.
1,3830 - resistance.
A large unbalance zone of 1.36-1.376 was previously formed.
1,376 - ongoing support. There were attempts at testing, but the bulls were kept and beaten up all the time. The probability that they will retain 80%. Most likely, the price will not last long in the horizontal corridor, will test support and go up.
Bullish divergence (CMO oscillator) confirms this.
On the Forex for pound the situation is approximately similar - there is also a divergence, the price in the lower range of the large corridor with support.
It makes sense to try to find a good entry point to buy.
The profit / loss ratio is also quite good.
All the successes.
The last few days bearish trend inside a large horizontal corridor.
An imbalance zone was formed at 1.3830-1.3880.
1,3830 - resistance.
A large unbalance zone of 1.36-1.376 was previously formed.
1,376 - ongoing support. There were attempts at testing, but the bulls were kept and beaten up all the time. The probability that they will retain 80%. Most likely, the price will not last long in the horizontal corridor, will test support and go up.
Bullish divergence (CMO oscillator) confirms this.
On the Forex for pound the situation is approximately similar - there is also a divergence, the price in the lower range of the large corridor with support.
It makes sense to try to find a good entry point to buy.
The profit / loss ratio is also quite good.
All the successes.
bullish divergence