Update on my "Back to Basics" Idea yesterday....
Although price hovered around the .618 retrace of last months move, there was never a breakout of trend - so there were no clear entry reasons. Price didn't close above the .786 after the first touch either, but again no clear entry signals.
We now have price retraced all the way back to the swing high, and...
FX:GBPUSD
Price doesn't break the last minimum today so the trend continues with a new expansion and then come back quick to making a 15M Rank.
I´ll wait the broke of that rank and I want to see a solid breaout of anyone level, superior o inferior and a solid support on the flip.
