Within the tramlines, we have a clear entry into W5 after the long W3. Playing safe, I am trading 5=1 equivalence (the length of W5 is the same as W1, and shorting a 2:1 trade for 1.241 target. Fundamentals are in sync, there is still no clear path to a Brexit deal. The stop is just above the W4 end/tramline. In reality 1.2284 is quite possible.
Trade closed: stop reached:
Broke out firmly on generally weaker dollar. Can't win 'em all.
David Atherton
