I posted a chart of a MASSIVE head and shoulders for this pair, that is almost been invalidated. Anyway it never confirmed so we didn't get an entry anyway.
BUT...
Now we have a great looking range, we see GBP weakness continuing to hold, I want to see a break of the range low for 200-300 pips.
I will probably stay with selling the break of 1.2350, however I might scale in at the weekly pivot (1.2435).
Target 1.2150 at least. Stops above the most recent swing high at the time of the range break (hopefully that will be the weekly pivot at 1.2435)
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