EUR.GBP

[peat]

auto closed +15

[arco]

>>>>>>>>>>>

Here's one on the radar for a possible turn.
BF potential reversal zone.

Its fighting the recent trend so scalping may be the
way to go initially.

arco

[peat]

currently short +52 !

but yeh on the 3 hour its looking oversold so will close out....

should've held the original one that only got me 15 missed out on 50 along the way....

[arco]

>>>>>>>>>

Eur.Gbp gave a maximum of circa 40 pips for scalpers yesterday, and overnight the action has headed south and may be forming a Gartley/BF which could give further scalping opportunities.

[arco]

Update Posts #8 and #10

The little pattern mentioned yesterday gave upto another 80 pips for
eagle eyed scalpers, or dozing day traders.

The action has crossed the old support circa 7850, so there may be more mileage yet. (Change of polarity?)

GTA - arco

[arco]

Good Morning

Updating post #8

The green BF has performed extremely well giving a max of +191 pips, but may start to run out of steam now as it approaches the PTZ........and after such a sterling flight.

GTA - arco

[arco]

I've heard it said that Eur.Gbp leads Euro. I should do some back-checking.

I just wonder if this is Gartley forming along the Kumo supportive top edge. Chikou is through on the H4 but often it will test the PA before moving on, so we could see the PA move towards and into the grey box zone. That may be the point at which Mr Gartley performs his magical trick. So now what to do - risk a short long, or wait for a long short
.