Short Pound
We had an impulsive move down thanks to last weeks NFP, looks like we are in a corrective structure.
This short could be for the wave B down, or we could have already completed the correction and are about to begin the next impulsive move to the downside.
Minimum target NFP low @ 1.50300
Reasons for trade:
This short could be for the wave B down, or we could have already completed the correction and are about to begin the next impulsive move to the downside.
Minimum target NFP low @ 1.50300
Reasons for trade:
- Going with the trend
-Consolidations after an impulsive move down
-Divergence with AO and Price
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.