The counter is in a long-term bear cycle, owing to Brexit.
It completed the wave 3 and consolidated in the form of a wedge, which is wave 4.
Now, we believe wave 5 has commenced since the wedge is broken and hence the pair can trade with profound bearish bias.
It completed the wave 3 and consolidated in the form of a wedge, which is wave 4.
Now, we believe wave 5 has commenced since the wedge is broken and hence the pair can trade with profound bearish bias.