As anticipated Sterling Dollar broke higher last Friday 28/4
Sterling Dollar is now trading in successive shoulder formations bullishly translated at (green) neckline levels. That why retractions (including yesterday's) are so deep.
The Uptrend is very strongly supported on the daily frame.
Therefore, for swing / position trading consider to buy market today to target 1.2660 by week end - mid next week. Stops / hedges @ 1.24
Profitable Trading
Summerset
Sterling Dollar is now trading in successive shoulder formations bullishly translated at (green) neckline levels. That why retractions (including yesterday's) are so deep.
The Uptrend is very strongly supported on the daily frame.
Therefore, for swing / position trading consider to buy market today to target 1.2660 by week end - mid next week. Stops / hedges @ 1.24
Profitable Trading
Summerset