Please go back and refer to my idea posted on March 9th for short term long.
The vertical blue line delineates where i projected the probability for higher prices on the pound. Since then the price has moved higher broke above the
1.39102 level. The chart depicted any move back into 1.39102 level is a potential buy. Price did retrace into 1.39102 and preceded to move higher and found
resistance at 1.40708 level. Price moved lower and found support at 1.39962 level and moved higher broke above the 1.40708 level.
Going forward i want to see, price move lower create a swing low ( red x) move high and quickly move lower raid the weak longs into 1.40708 level( Green box) and hunt for bullish PA to get long and target of 1.43455.
The vertical blue line delineates where i projected the probability for higher prices on the pound. Since then the price has moved higher broke above the
1.39102 level. The chart depicted any move back into 1.39102 level is a potential buy. Price did retrace into 1.39102 and preceded to move higher and found
resistance at 1.40708 level. Price moved lower and found support at 1.39962 level and moved higher broke above the 1.40708 level.
Going forward i want to see, price move lower create a swing low ( red x) move high and quickly move lower raid the weak longs into 1.40708 level( Green box) and hunt for bullish PA to get long and target of 1.43455.