LONG before GBP's Manu Pro Data
Going from last idea, took TP off of drop, took a quick SHORT, now LONG with the following (albeit weak) reasons:
1) Weak RSI/CCI tandem signal LONG. They normally should fire off together.
2) Weak MACD cross. Both signal and MACD are flat showing lack of conviction
3) GBP manufacturing production data and USD JOLTS - Speculation hype up.
Generally believe that GBP is strong. Nikkei is up, so let's go with the momentum.
Confirm LONG with RSI crossing generally placed trend (where star is).
Danske went LONG at 172.5 with SL at 171.6, waiting on update.
Caution, Yellen and Draghi had dovish statements of late and GBP is looking at housing woes.
1) Weak RSI/CCI tandem signal LONG. They normally should fire off together.
2) Weak MACD cross. Both signal and MACD are flat showing lack of conviction
3) GBP manufacturing production data and USD JOLTS - Speculation hype up.
Generally believe that GBP is strong. Nikkei is up, so let's go with the momentum.
Confirm LONG with RSI crossing generally placed trend (where star is).
Danske went LONG at 172.5 with SL at 171.6, waiting on update.
Caution, Yellen and Draghi had dovish statements of late and GBP is looking at housing woes.
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