Formational Rule:
Anticipating swing price to the upside, after making a new daily low last Friday and breaking Thursday low. There is a sense of divergence in volume for a high probability of change of direction with momentum from prior weeks. Minus the volatility.
Waiting for price to float to 96.60% level
When price gets to the level, wait for candlestick...
The disclosure with GBP losing momentum, there is a highly possibility of a bounce of top of the channel with a probability of 240+ pip vibrations
Set up for swing trades ... (preferably sell position) previous high was a bearish spinning top
or
Set up for multiple targets on the bounce
