After posting three closes below the descending median (center) line the market rallied back to the median line, but failed to close above. This is a bearish pattern set up that could trigger another price drop to the lower parallel line.  A break below the pivot low will trigger sell signal. Check the latest issue of the TMV Swing Trade report  for the specific sell recommendation for the futures and GBP/USD.

March British pound

3 Responses to “Bearish Swing Trading pattern forms in the British Pound. [chart]”

  1. Shelton Mengwasser

    thanks for an interesting post, I really liked how simple it was to read.

  2. Sam Grahm

    Excellent post. As always I enjoy reading your posts…

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