EUR GBP 4 Hr Chart
Updated
There is corroborating curves. Its a map!
Widening the cope brings the 28 Aug '17 event to the foreground. That is a well rooted Horn and its lower bound intersect the action for 09'-14 Feb '19'
The Price Jag can and probably will, if conditions hold, return to the Violet Horn lower bound as support, it has to parse the line as resistance to enable it as support. the stronger it crosses the boundary the more likely it is to remain above and emerge into a wider longer term Parabolic trend.
Notice the Solid Red 'abolas below the current system of curves. that is Support. Lots of it. If, for any reason, the GBP rises sharply the Jag will follow Dashed green and will bounce off A ( or lower B (
Ninety days out , presents other scenarios. The Long term parabolas are in place, rooted and well hung. We have to wait and see which curves the Jag will see and which it will listen to.
Widening the cope brings the 28 Aug '17 event to the foreground. That is a well rooted Horn and its lower bound intersect the action for 09'-14 Feb '19'
The Price Jag can and probably will, if conditions hold, return to the Violet Horn lower bound as support, it has to parse the line as resistance to enable it as support. the stronger it crosses the boundary the more likely it is to remain above and emerge into a wider longer term Parabolic trend.
Notice the Solid Red 'abolas below the current system of curves. that is Support. Lots of it. If, for any reason, the GBP rises sharply the Jag will follow Dashed green and will bounce off A ( or lower B (
Ninety days out , presents other scenarios. The Long term parabolas are in place, rooted and well hung. We have to wait and see which curves the Jag will see and which it will listen to.
Note
its going to 0.838
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