Overall , the pound may still be in an uptrend.
IF wish to counter the trend , consider the following ABC.
If price breaks 1.3000, look towards 1.2950 as a target.
Stop inside triangle ( 15 pip stop)
Reward Risk - 3:1. ....
IF wish to counter the trend , consider the following ABC.
If price breaks 1.3000, look towards 1.2950 as a target.
Stop inside triangle ( 15 pip stop)
Reward Risk - 3:1. ....
Comment:
If your in this short, good. I would place a very close stop or atleast to breakeven.... Retail sales in 7 minutes....:)
Comment:
Just about done with this trade... my target to get out is the .618 fib..... :)