In the last issue of the TMV Swing Trading Report I said. “British pound has posted double bottom formations on consecutive reversal dates (January 25th and February 1st). The price action has formed a bullish reaction swing and appears poised for an upward price swing into the ascending median line. “
Overnight, the pound traded above the prior high, triggering the buy signal, and is currently approaching the ascending median line. The “action-reaction” reverse/forward count projects futures reversal dates for February 8th and February 14th.
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