Why complicated? Trade as simple as AB=CD
HERE'S THE GOLDEN RULE:
* SELL when the price make a new "Lower HIGH"
* BUY when the price make a new "Higher LOW"
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The EURGBP posted a long white candle and the daily candle suggests more upside.
Intraday Update: The EURGBP just hit the 38% retracement and near the 161% extension. As long as .8972 holds, this could be a good reversal level for the pair to move back to .8900.
End of Week Analysis: The EURGBP has rallied back to a confluence of fib levels. The 38% retrace, the...