The descending pattern is currently truncated (wave C did not break through 123.6% of wave A). Also, Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversoldness.
Trading recommendation:
Buy while an ascending pattern is forming, where the wave (A) breaks through the inclined channel of the descending …
The pair is consolidating at the lower border of the emerging triangle which is clearly visible on the daily chart. The pair may drop only if the Bank of England either decides to lower the interest rate, or makes it clear that this may happen in the near future. Also, …
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