After yesterdays bearish continuation I have lower targets as follow
Buy limit @ 1.6804 with SL at 1.6781 - This trade if 1.6804 hold should take me to 1.7038 area
If
1.6804 will be smashed by offers I would look at
1.6667 area with SL initially for 20 pips but I would like to see intraday pivots when if we go there so I can cut my risk even more - this trade if hold should take me to 1.7260 area
if
we get to 1.6667 area and buying at that level will be stoped by 1.6868 area I will turn a bit neutral on sterling and look for a further clues in PA,
I do not believe in fundamental change in UK's economy to justify bearish stance atm,
This is my view, do not follow, trade your own charts
Buy limit @ 1.6804 with SL at 1.6781 - This trade if 1.6804 hold should take me to 1.7038 area
If
1.6804 will be smashed by offers I would look at
1.6667 area with SL initially for 20 pips but I would like to see intraday pivots when if we go there so I can cut my risk even more - this trade if hold should take me to 1.7260 area
if
we get to 1.6667 area and buying at that level will be stoped by 1.6868 area I will turn a bit neutral on sterling and look for a further clues in PA,
I do not believe in fundamental change in UK's economy to justify bearish stance atm,
This is my view, do not follow, trade your own charts
swing it!