TomProTrader

EURGBP: Looking For Eventual Trades In This Pair! #Forex

FX:EURGBP   Euro / British Pound
268 6 6
Looking for eventual trades in this pair, preferably shorts in this pair. Eventually. Last candle has made the intermediate trend confusing, and we need to see the opening today to make trading decisions on this pair.

We are also coming into a very strong action area, where we will see a reaction.

Best of luck
Tom
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Thanks for this Tom. Question: Do you usually use the 74.6 fib level? I don't think many people do but I might be wrong.
Reply
The level is actually 78.6%. I just messed around with the Fib's and wrote wrong number by accident. But yes 78.6 is extremely popular, and shows when there's eagerness to take a particular trend direction.

regards
Tom
Reply
Marvin TomProTrader
Ahh ok. Thx mate.
+1 Reply
Actually it is 0.764. Confusing myself today. Thats sunday's for you.

0.786 is harmonic pattern retracements, which is different altogether.

tom
Reply
Marvin TomProTrader
Hmm. Ok. Thx again Tom.
+1 Reply
No problem.
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