Thinking that Pound will drift lower and Euro is poised for strength. Hence the EG long. Set an alarm when we get to .78 and then look for the longs into targets .8050 and .8220. The targets are forming the potential C on the which is in a down AB boundary. Thanks!
Comment: Still waiting on this pullback. If it breaks the B I will enter on a subabcd and run it north.. Let's see the price action today and then will decide.
Trade active: I did not catch the greatest entry on this but I do have a sub abcd long on it from 79.26. will run this on up to the blue line and then expect a bounce at 8050 still a little room to go... Then be on the pullback to the next blue line... Thanks... Im break even and one off because of the late entry.. cant afford the stop loss below the 7850 so I will have to reenter. Still nice though!