Jamesb

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Markets Allocation
100 % forex
Top Mentioned Symbols
GBPNZD 50% | 1 EURGBP 50% | 1
Jamesb Jamesb GBPNZD, 240, Long ,
GBPNZD: Long term ABC complete with a doji candle turn signal
45 0 6
GBPNZD, 240 Long
Long term ABC complete with a doji candle turn signal

Three ending patterns come together at the last low, as well as divergences which usually indicate a turning point. There is, of course one more possibility of a retrace on the current long direction, but i think the general direction is "north". Anil has a Daily prognosis on this pair which may be interesting.

Jamesb Jamesb EURGBP, 60,
EURGBP: EURGBP RECOVERING TO CONTINUE SHORT TERM DOWNTREND
83 3 23
EURGBP, 60
EURGBP RECOVERING TO CONTINUE SHORT TERM DOWNTREND

On the basis of a simple impulse and retace model, I think that the EURGBP is consolidating to provide a retrace of the last impluse which will then turn downwards to the .27 / .786 Fib.

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