Nice idea on EURGBP and there may be potential gains as you have identified by going short. Our first resistance is at 0.8854, which is the level at which your point A is at. It is a horizontal pullback resistance with 23.6% Fibonacci retracement. If a potential reversal does occur from this resistance, we may want to take a closer look at 0.8734 support level which is a horizontal swing low support, with a 76.4% Fibonacci retracement and 100% Fibonacci extension. This support level lies just above point C. Excited to see how things develop.
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Kittyted
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@easyMarkets, Thank you for your ideas, glad we have two different ways to enter the order but the same idea hope the market will go right. I will divide the method into my command in this chart as.
01: I hit with the symertry method to determine the entry point. I determined the reversal point at the wavelength V to VI point (A). Then wait for the old rule to sell to (B). Determine the point C because I guess it is shark patten (the point C would be: 113 (61.8) or 161.8 (78.6) of Fibonacci'
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