On the daily we hit the daily supply of orders to short. This morning we saw an impulse and rejection wick.
The daily has formed a big rejection wick.
Looking to the downside
Swing trade target 1 = 1.22
Target long term will look to be 1.15.. however short term target [ supply is strong and will have a retest zone around 1.246 we can see however, GBP is overall weak.
For this have a wider stop and will extend to 1.2520
Good luck and enjoy the swing on this one.
Thanks Lupa.
The daily has formed a big rejection wick.
Looking to the downside
Swing trade target 1 = 1.22
Target long term will look to be 1.15.. however short term target [ supply is strong and will have a retest zone around 1.246 we can see however, GBP is overall weak.
For this have a wider stop and will extend to 1.2520
Good luck and enjoy the swing on this one.
Thanks Lupa.
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