The Bears are looking for a great reentry to sell pound!!We have been buying the retracement on Pound since Monday night. Right now I am waiting for the market to break and close above a counter trend line
break on this current flagpole pennant
as the market looks for a good spot to reshort. The D extension of this up pulse is 129.20. Place the stop ten pips below your u-turn and risk 50 pips. When this pops up 100 pips after the reentry, I am taking one more off and then will pull these to break even and forget about them. 129.20!!!