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Short

Possible short after 67

FX:GBPUSD   British Pound/U.S. Dollar
121 1 1
By looking at previous swings, a harmonic ratio exists between them which shows that PA getting close to major TL and just touched the 113 fib. ext like it did on previous swing high. So, if market respects harmonics the next PA behavior should be bearish , at least to test the previous res. high as support. I'd rather think it might ret. a bit more to 23.6 as there's a minor sup. or to 645 as major sup. in order to get higher and cont. strong up trend.
dojitrader
2 years ago
Interesting observation, especially that it has happened on both upside and downside.
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