Sterling Dollar - Intermediate Term Technical Picture
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The Intermediate & short term trades that I will be making coming week are based on the above technical picture. Over riding momentum is both negative on 4hr (not shown here) & day time frames. This means that long trades can only be taken when momentum is positive on the 1hr + 15mins, to tops of the Right shoulder. Momentum is currently positive on the 1 HR. I can then consider to buy a support pivot or momentum -ve extreme on the 5 / 15 min time frame to daily pivot resistances (short term).