FX:GBPUSD   British Pound / U.S. Dollar
this morning i posted a trade on this pair stating that we are looking for targets at the 1.618. however we are seeing a slight pull back that may scare a few folks into pulling out too early. this morning i mentioned a bit about pattterns always completing, so i'll show you what i mean and why you should stay in till target. look where i placed the black arrow. Measure from the top to bottom of that small move (red trend line , and place it at the high of the current pull back and see it lines up perfectly at the 1.618. this little move never had it's pair and it's now being completed.
there it is folks, it took a while but price went exactly on the 1.618, and then turn back upwards. It took a while this trade, but getting the price you want is important.
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