Olu

GbpUsd: Decision Point

FX:GBPUSD   British Pound / U.S. Dollar
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Comments on the chart. I am leaning towards the long side but neutral now
Mar 14
Comment: Price has broken above the trendline but the move is not impulsive so I am still tentative about price. However my thoughts about the upside breakout did materialise
Mar 15
Comment: Price fell today increasing the possibility that the break above the downtrend line was a false breakout. The second scenario is that it is still just a retest of the downtrend line. More price action is needed to clarify
Mar 17
Comment: Price put in a doji i.e there is no momentum to go either way. As in the previous update more price action is needed. Taking out 1.4000 though will get me long
Mar 19
Trade active: Went long as described in my last update
Mar 19
Comment: Price went up as far as 1.4087 but fell back to where we are now at 1.4024. Still looking upwards
Mar 20
Comment: Price fell back today and is right back at the blast off point at 1.4000. Will this area hold?
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