Market Alert – Long British pound quickly approaching target objective…be ready! swing trading strategies, market timing, John Crane, median lines swing

TMV Swing Trade Report – Long from 1.5505 – last price @ 1.5615 – The British pound triggered the buy stop and surged higher overnight. This is the initial push off the peg-leg bottom pattern. The 1st push higher will typically trade above the prior swing high,before pulling back to form the (C) pivot low. Therefore, I am looking at this as a short-term swing trade and recommend placing a target objective at 1.5650.  By John Crane

December British pound - click to enlarge