The GBP has been overextended today surpassing all correlations. Entries for GBP are not clear although existing positions may be held short for corrective correction with the EURO and Gold. Formula72 Trading Group - Trader Education, Signal Service, Algorithmic Trading, Live Trade Room. www.Formula72.com www.FuturesTradeRoom.com
Possible measured move forming on the EURO. Downward development with lack of buying and low volume leading to possible imminent measured move. Look for break of previous structure for price capitulation. Formula72 Trading Group - Trader Education, Signal Service, Algorithmic Trading, Live Trade Room. www.Formula72.com www.FuturesTradeRoom.com
possible short side risk on euro. Market profiles show imminent extension sellers. For correlations watch for stagnation in gbpusd and strong us earnings. Formula72 Trading Group - Trader Education, Signal Service, Algorithmic Trading, Live Trade Room. www.Formula72.com www.FuturesTradeRoom.com
Look for acceptance and distribution below the 382 fib
Look for major reactions at this level. Formula72 Trading Group - Trader Education, Signal Service, Algorithmic Trading, Live Trade Room. www.Formula72.com www.FuturesTradeRoom.com
Look for breaks of these levels for adverse reactions or price distributions.
Watch these levels for adverse reactions. Formula72 Trading Group - Trader Education, Signal Service, Algorithmic Trading, Live Trade Room. www.Formula72.com www.FuturesTradeRoom.com
Bearish Harmonic Pattern has retraced a nearly perfect 618 last Friday with beautiful follow through. Look for a breakdown of Gold's trendline for continuation confirmations shorts on the Euro. The 382 should be used as a meaningful resistance level. Liquidate shorts on 2 TPO count above 382 retrace. Formula72 Trading Group - Trader Education, Signal Service,...