It might be smart to wait for price to break out of this wedge before taking any action on this gbpnok trade.

Fundamentally I am bullish on the pound as easily seen also with the blue 200 day moving average that guided a bullish move since May 2015.

Now price or the trend is stalling providing us with some sideways price action.

I would like to wait for a clear break out of the wedge, see a retracement and then enter in direction of the break with a better price and a smaller stop loss.

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