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GcNaif
Sep 6, 2015 4:22 AM

If this area holds then we may see a nice move towards Upside 

British Pound/U.S. DollarFXCM

Description

Possible reversal area on GU. its exactly at the 50% of big ref range and 25% of Small Clone and these 50% reversals are working like charm on Clone, just one reversal candle confirmation needed or if the price goes above that 1.523.

Look at the left side of the chart ,price has acted well for reversals in this area.
Comments
GcNaif
Update: first target achieved ,price now trying for the second Clone line at 1.547x
UnknownUnicorn226610
Just showed a reversal candle on H4. need to wait for further confirmation?
GcNaif
no not a strong one,
UnknownUnicorn226610
sorry, did you mean that candle is incorrect?
GcNaif
need at least a pin bar .best to wait for the top break of that reversal zone
UnknownUnicorn226610
ah.. understood. Thanks
Eugene_Titov
Where can I read about your clone method?
GcNaif
hi Eugene i doubt there is any, get me when you see me online.
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