I am tracking EURGBP, because of clear structure with 3 wave correction in wave 4 with the same wave extensions of wave 2 and 4 and arround 38,2% fibonacci retracement.
I am tracking GBPUSD, because of nice and clear 3 waves up (correction in wave 4) to arround 38,2% fibonacci retracement, broken channel support and also nice psychological level and target at 1.3300.
I am tracking EURUSD, because of clear 5 waves down (bearish signal) and 3 waves up (correction). It bounced exactly from 61,8% fibonacci retracement. Theres also nice psychological level at 1.09 for A/1 = C/3 !!
Hi Trader,
Thanks for checking out this idea.
Here we have a beautiful 2618 setup formed on the hourly timeframe. It's not often that the double bottom is so nicely formed with symmetry and all, not that it changes the plan in any way :) The 2618 is a reversal strategy, so this is therefore a counter-trend setup.
Price is currently around 100 pips above my...
