Market Alert – British pound trades into a projected reversal date. swing trading strategies, swing trade signals, John Crane, median line, price action.

TMV Swing Trade report – Long December British pound from 1.5852 – last price @ 1.5926 - The British pound traded through the upward trending median line, but quickly lost momentum. Monday is also a projected reversal date, so this price action suggests a corrective pullback is likely.  Therefore, I recommend closing the long position and bank the gains.

December British pound - click to enlarge