Price has decelerated to a strong bullish trend line and horizontal support (was once resistance), along with bullish MACD.
The Pound has been bearish across most pairs lately so make sure price confirms support (don't catch a falling knife).
Entry is placed above last daily high and stop below last daily low. Move entry points day to day if price is not...
Price has beautifully tested the bullish support trend line and MACD is showing Bullish divergence with a higher low.
Entry placed above yesterday's low test candle. Price may be tested at the bearish trend line just above the 50 EMA, but if it breaks through we will ride this all the way to last high in January.
Price has hit a very strong support line with decelerating price action. I would like to see some more signs of deceleration, like a low test before entering this trade long.
Price has hit for 4th time bearish resistance and it appears the pullback has been exhausted, touch was also in 20/50 EMA zone.
Going short for 80-90 pips and taking profit before price hits bullish support trend that started back in September 2015. Wait for confirmation of support (with bullish MACD) and then look to enter long and hold.
