FX:GBPUSD   British Pound / U.S. Dollar
1369 8
Looking at this pair again and I have been predicting a move to test the lows of May 2009 down at 3746's for a while.

As we can see we have had this pull back up into the area I was paying attention to and this type of trade is difficult to explain on here so ill shoot a video on it at the weekend.

We have a double top on the 15 min with RSI bearish divergence. Looking at targets down a retest of the recent lows.
Stops above the 4300 level but would recommend above 4320's

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Trade ruined by the news
+1 Reply
Thanks Jason, I took this trade too. Looking good so far...
+1 Reply
Good Luck Grant
Looks like we spotted the same trade again :) I'm looking to sell a bit higher though. TCT!!
+1 Reply
J_Graystone PateSkpate
Great Minds Kenny. You see that EURUSD Breakout? I tapped you up yesterday. thought you would be looking at it
PateSkpate J_Graystone
I saw the Descending Triangle on it.. Didn't get your message?? where did you try to hit me up on?
I agree with the expectation of retesting previous lows. Not sure this is the reversal point. I was looking on the daily at an AB=CD completion near 1.464 which is confluent with a bear Gartley completion at 1.4597 just below.
+1 Reply
Nice. Good Luck in the markets today!
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