GBPUSD - ABCD Move

24 Eyl 2016

I have taken a long position on this pair, but had to cancel it with a minimal loss. This may not be the perfect AB=CD as it does not conform to Fib principles, but assuming that the AB Leg is equal to CD leg, it brings this pair to a very strong support.

Trade with care

26 Eyl 2016

Not

Broke and intermediate support - heading to base -

30 Eyl 2016

Not

This pair is now moving closer to the major support

3 Eki 2016

Not

Now at support - I don't see any bullish signals as yet

5 Eki 2016

Not

Order cancelled