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
If you are interested in this style of trading or would like to see what it really takes to be independently, consistently profitable, then go over to tradeempowered.com/london-live-room/ and come into my live room for a week for FREE to watch me trade live.
Thanks Jason, I took this trade too. Looking good so far...
JasonGraystone
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Good Luck Grant
PateSkpate
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Looks like we spotted the same trade again :) I'm looking to sell a bit higher though. TCT!!
JasonGraystone
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Great Minds Kenny. You see that EURUSD Breakout? I tapped you up yesterday. thought you would be looking at it
PateSkpate
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I saw the Descending Triangle on it.. Didn't get your message?? where did you try to hit me up on?
Dzogchen
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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.