POUND LONG IF WE GET THE RIGHT STRUCTURE

We've had a massive move up in the GBP across the board.
We will now get a correction - once the correction is over we'll know where it's going next
This chart is simply suggesting that it may go long
I'll watch this development and post once I see a trade
For now there is no trade either way - I am neutral until we see the structure
Do not jump into this!

Hope this helps
Steve

Commento:

By the way the correction does not have to happen immediately. We may see some more advances before it happens but it is too risky to trade now

Commento:

OK we have the corrective structure needed for a long entry - trade according to your personal trading strategy
This is for the purpose of educational and discussion only and not investment advice

Commento:

Beautiful - this trade behaved exactly as expected