Hi all, GBP broke the SHS, however it is so close to breaking the trend line. However, I need a daily close, or at least on the 4HTF to break the daily trendline for a sell. I expect the price to go back up. EUR/USD has not broke yet on lower time frames so this is a pretty nasty situation. I did an Elliot Wave pattern, however, I am pretty new to this so please comment if I DID THIS WRONG. Anything helps!
- Those three lines are areas of support for me.
-RSI is still on a up trend
- As well as last time GU formed SHS it did not go very far
-IF Trend line breaks I am expecting massive sell off
- Those three lines are areas of support for me.
-RSI is still on a up trend
- As well as last time GU formed SHS it did not go very far
-IF Trend line breaks I am expecting massive sell off
Comment:
GU should drop however... EU please be aware of EU net longs are being added massively! Will post EU idea i expect sell off to 1.11 area
