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orvilleawright
Sep 27, 2016 5:41 PM

IF I AM A BULL? IF I AM A BEAR? Short

British Pound/U.S. DollarFXCM

Description

IF I AM A BULL: Wait to buy the bull channel low or previous swing lows. Or wait to buy a pullback into the 1.3000 region after a strong move higher.

IF I AM A BEAR: Wait to sell the 38.2%, 61.8% retracement which might coincide with the bear channel high and previous swing high. My two sell zones are show on the chart.
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