Attempting LONG on old Resistance Line
Pending LONG for the following reasons:
1) RSI needs to cross above 40
2) CCI needs to cross above general bullish trend
3) MACD signal cross
4) Very ST double bottom (A&B) and/or slight divergence
5) I generally follow DanskeBank, they were long at 171.1, aiming for 174,85, with stop at 172.4
6) I recently started following ScotiaBank's weekly COT, they showed general bullish on GBP
7) Lastly, this seems like a good P&L Ratio with the support/resistance lines (Red)
Probably will start removing some of the older trend lines pretty soon.
1) RSI needs to cross above 40
2) CCI needs to cross above general bullish trend
3) MACD signal cross
4) Very ST double bottom (A&B) and/or slight divergence
5) I generally follow DanskeBank, they were long at 171.1, aiming for 174,85, with stop at 172.4
6) I recently started following ScotiaBank's weekly COT, they showed general bullish on GBP
7) Lastly, this seems like a good P&L Ratio with the support/resistance lines (Red)
Probably will start removing some of the older trend lines pretty soon.
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