Pound had a huge run up.
Looking to take a power move short 1:1
Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line.
Fib retracement from the last big move up. TP is just above the 0.618 FIB level.
Will monitor, may TP at .5 if no strong momentum to push through.
SL above key 1.95 level
let me know your thoughts and feedback???
Looking to take a power move short 1:1
Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line.
Fib retracement from the last big move up. TP is just above the 0.618 FIB level.
Will monitor, may TP at .5 if no strong momentum to push through.
SL above key 1.95 level
let me know your thoughts and feedback???