A long-term trade plan for Pound is as below:
The 0.618RET of previous rise is at 1.269 level which is also the neckline of the previous double bottoms.
Additionally, the good Weekly Demand Zone is at 1.259-1.270 levels.
So it is good to buy at 1.260-1.270 levels when the price pulls back and gives signals in the PRZ.
SL: below 1.258
TP1: 1.330
TP2: 1.410
TP3: 1.510 and further more
The 0.618RET of previous rise is at 1.269 level which is also the neckline of the previous double bottoms.
Additionally, the good Weekly Demand Zone is at 1.259-1.270 levels.
So it is good to buy at 1.260-1.270 levels when the price pulls back and gives signals in the PRZ.
SL: below 1.258
TP1: 1.330
TP2: 1.410
TP3: 1.510 and further more
Trade attivo
Commento:
TP1 reached, but TP2 failed.