The pound is correcting the rise it's made this week, reaching some key fib levels for expansion.
We've just nailed the top of the Pound on our previous analysis, already taking 80+ pips on our shorts, and it's time to get back along with the trend.
I'd buy a scalp here at 38.2% aiming for 1.5855 as primary target. and the 1.5900 resistance as expansion.
If it makes further bottons, our best buy lies at the 61.8% level, where we have a channel border coinciding with the rising uptrend and some fundamental supports (omitted), also aiming for 1.5855 as primary target. and the 1.5900 resistance as expansion.
Follow this trade on my tumblr and twitter:
tradingsmarts.tumblr.com
www.twitter.com/rodrigosmarts
We've just nailed the top of the Pound on our previous analysis, already taking 80+ pips on our shorts, and it's time to get back along with the trend.
I'd buy a scalp here at 38.2% aiming for 1.5855 as primary target. and the 1.5900 resistance as expansion.
If it makes further bottons, our best buy lies at the 61.8% level, where we have a channel border coinciding with the rising uptrend and some fundamental supports (omitted), also aiming for 1.5855 as primary target. and the 1.5900 resistance as expansion.
Follow this trade on my tumblr and twitter:
tradingsmarts.tumblr.com
www.twitter.com/rodrigosmarts