FX:GBPUSD British Pound/U.S. Dollar
This trade is based on expanding ranges terminating at P5. Will post update soon
Technically I am looking for P5 Reversal on expanding ranges as it is now crawling along a VERY STEEP smaller median line, so yes should I get a bounce on or even before the BIG Median Line around 161000 for a short.......Now if it Zooms through 161000 and closes beyond the BIG Median Line ( unlikely but you never know ) then bullish sentiment is in and I will be looking to get long. Currently these US pairs are correlating well with Equities ( When Equities Tank, smart money heads for safe havens US Dollars, As US Dollar Rises G/U E/U Tank.