A slight variation of the Fisher -Trix System,
. I left out the Fisher 34 so that I would have more room to show the Trix ribbon swing action & support / resistances. Trend breaks using the Trix7 work
very well and often ahead of price trend line breaks, see sample farther back on this chart. On a weekly frame GBP finished the week with a bearish candle pattern and a close below the 10ma. On daily frame we have a negative diverging double top in progress.Near term downside target is at .382 Fib. level.
very well and often ahead of price trend line breaks, see sample farther back on this chart. On a weekly frame GBP finished the week with a bearish candle pattern and a close below the 10ma. On daily frame we have a negative diverging double top in progress.Near term downside target is at .382 Fib. level.