Well, that prediction was obviously premature but if the current price action is any indication, it wasn't wrong. I've remained SHORT in this pair for days now waiting on it to drop. It did just that yesterday but ran into the uptrend TL and bounced off of it . I told my members that would happen and not to worry because it would only be a temporary bounce and that prices would again attack that TL. But this time, it should break through. If it does, that will open the door for prices to head on lower. Prices are now dropping towards that TL again as predicted.
Two POTENTIAL patterns to watch for: a POTENTIAL Bat and then a POTENTIAL could help to define this coming drop.
Want complete coverage and constant updates as well as trade alerts on trade opportunities on this pair and many other REAL-TIME? We have active trades in EURUSD, GBPUSD, AUDUSD, USDJPY and others. Subscribe here to get access: 50% discount trial on Basic Subscription
We also have live trades going in GBPUSD , GBPJPY , GBPAUD , EURGBP , Gold and several other pairs/commodities. All in profit. Go here to subscribe to get coverage on these as well: 50% discount trial on Premium Subscription
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
THINK before you comment! It takes MUCH work and time to create these posts! So before you decide to criticize me for what I post, or how I choose to post, remember that I don't just throw a chart up with a few lines on it with a few arrows showing 2 possible directions and that's it. I can do those in 5 mins. My charts take MUCH effort and I put much detail into creating them for your benefit. I hope it helps but I also hope it's appreciated!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
Website: http://www.efxselect.com to subscribe
Join my Skype chat room! It's FREE (requires registration): Skype link: https://goo.gl/2fwvsa
Documented Trade Log here: http://bit.ly/29AeqnC