TMV Swing Trade report – Short September British pound @ 1.6070 – Hit the Target! The British pound traded through the downward sloping median line (daily chart) and plunged to its lowest level since late March. Because of the high volatility price action, I dropped to the sixty minute chart to look “inside” the bar for an action-reaction price objective. The market dropped to the median line and began to show signs of a corrective bounce. Therefore, I elected to use the median line as the target objective and recommended to cover the short position at 1.5932 for a nice one-day gain.
