Monday, June 15, 2015

New GBP/USD Signal

As of 06/15/2015 @ 21:53 EST:

The Global Currency Scalper has recognized GBP/USD is forming nice AB=CD pattern on the 4H chart.

This pair has exceeded its C target setting the stage for a move to point D which will at least 100% of the A-B move.  The B-C move should never exceed 78.6% of A-B, with that said we will set a stop of 100 Pips which will be slightly more than the 78.6% threshold.  It's very well possible point D stretches to 1.272%, 1.382%, 1.618%, or even 2.618% of the A-B move.  We will trade it conservatively and exit near the 100% level of 1.51700.

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