The PoundDollar is resuming its uptrend after a correction.
The price has behaved as expected stopping at the 50% retracement.
15 Mins Price Behaviour: Consolidation and Breakout at 50% retracement level.
We have seen the first impulse and a pause. This pause is an opportunity to Buy into the uptrend.
Stop Loss is still recommended to be the Low of Yesterday. We need to see another impulse before we can use this morning correction low 15Mins as a stop.
I encourage you to count the waves.
Always count 4 Impulse and 3 Correctives.
Trade with care.
The price has behaved as expected stopping at the 50% retracement.
15 Mins Price Behaviour: Consolidation and Breakout at 50% retracement level.
We have seen the first impulse and a pause. This pause is an opportunity to Buy into the uptrend.
Stop Loss is still recommended to be the Low of Yesterday. We need to see another impulse before we can use this morning correction low 15Mins as a stop.
I encourage you to count the waves.
Always count 4 Impulse and 3 Correctives.
Trade with care.
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