Pound dollar is reacting nicely to liquidity zones. It has made 2 impulse waves and is possibly nearing the end of 2nd corrective wave, leading us to think a third impulse may be imminent.
The price channel it’s working through is a fairly tidy one, but if it is to continue the impulse, the channel must break. There is some nice liquidity near .5 fib level we could run into if channel holds that may offer several confluences, including fib traders, channel traders, and supply/demand traders.
Price won’t get there for a good while, if it ever does, but I was genuinely curious for a moment if this pair would have any odd reaction to regime change, since Britain still has the trump clone and whatnot.
The price channel it’s working through is a fairly tidy one, but if it is to continue the impulse, the channel must break. There is some nice liquidity near .5 fib level we could run into if channel holds that may offer several confluences, including fib traders, channel traders, and supply/demand traders.
Price won’t get there for a good while, if it ever does, but I was genuinely curious for a moment if this pair would have any odd reaction to regime change, since Britain still has the trump clone and whatnot.