EURGBP ABC Pullback to contine Selling

Aug 24, 2016EURGBP is creating a POLE sideways pattern to find sellers closer to the trend line. Wait for a trend line reversal signal to continue selling to 0.8428.

Remember, smart money buys at the top!

This is based on purely technical analysis.

Aug 25, 2016

Comment

Price has retraced to the square up at .8562.

This square up has produced a .786 pullback so I'm now looking for a short continuation to the original target for target 1 and target 2 is .8364.

EG ATR is only 76 pips so we'll see if we can make it to target 1 this week.

Aug 25, 2016

Comment

If the POLE sideways pattern looks to complete outside of the trend line we are looking for a buy to 0.8590 today.