thillygoosth

GBP/AUD High concentration of fib extensions

OANDA:GBPAUD   British Pound / Australian Dollar
'Gee Remy, thanks a lot, big help.... not" Well, you will thank me if you remember this scenario. If GA pulls down, I think we will get the push back up further at this point. Look at the circled area I have, expect some upward consolidation within that range, possibly an ending diagonal . We are at a fork now, but that concentration as a "trend line break scenario" seems to make a lot of sense to me. Big retrace at some point, look to that area. Trade the setups. For example, refer to my EA buy setup... It produced a second after, can you identify it? Hope so, if not, give me a shout and I will explain it to you.
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