Loss -32 pips
This pair might range through this week out before Tuesday until it decides what direction to take. .
Sorry Cm
My cynical thoughts were quite perfect! Only a liquidity hunt - they just delayed the move back upwards to snare a few more sellers I'm afraid
It looks like this is just a profit-taking process which will soon straight up from the 150,500 region however, the crappy pound news might induce GJ to around 149,500 today.
My first egy is to await the result which will happen at 17.00 and most likely I shall sell it with a target of 149,500
Of course I am only able to trade as guided by a valid sign, so I must be patient and expect that the sign will appear.
Please take note of this chart, win and lose one after another in sideways state. Could you imagine if the market is trending? Occasionally 1 candle gives profit 250 pips and just GJ which can be.