So today we had a split vote on Bank of England decision. While rates stayed the same, 2 members of the board voted for a cut. Their opinion is due to Brexit uncertainty.
At the moment we see a double top on daily chart with great divergence. Elliott waves suggest that wave (iv) could correct to target of the double top. If price does not drop below the high of wave (i), then the current count holds.
Impulsive break through current support is the signal, best maybe to wait for retest for additional confirmation and better risk-reward.
Good Luck!
At the moment we see a double top on daily chart with great divergence. Elliott waves suggest that wave (iv) could correct to target of the double top. If price does not drop below the high of wave (i), then the current count holds.
Impulsive break through current support is the signal, best maybe to wait for retest for additional confirmation and better risk-reward.
Good Luck!