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AleksanderThor AleksanderThor PRO GBPUSD, 240, Short ,
GBPUSD: $GBPUSD
80 1 4
GBPUSD, 240 Short
$GBPUSD

A short setup for next week

Mikoxl. Mikoxl. PRO EURGBP, 240, Short ,
EURGBP: Shark 113 extension with a potential 5-0 pattern
168 2 7
EURGBP, 240 Short
Shark 113 extension with a potential 5-0 pattern

Reading the chart After a failed push (B) of only 113% extension of O to X, price almost immediately reversed to the other direction, breaking the secondary bearish trendline. Now the 88.6% retracement of O to B could not bring any relief from the bullish pressure. Prediction The second level to watch for is the 113% extension of B to O, which could lead to a ...

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