EURGBP

My two pence worth on chart....

screencast.com/t/J7oyXdaVq

KI wrote: ok, apart from remo, no one has bothered to get involved with this. Why cant folk post some charts with there views...even if they are miles out, i would like to see everyone getting involved. Without input the site will not flourish. PLEASE GET INVOLVED. KI.

Been busy today sorry.
Will be posting a chart after 7. Little girls bed time

RMc

Rossymc wrote:

KI wrote: ok, apart from remo, no one has bothered to get involved with this. Why cant folk post some charts with there views...even if they are miles out, i would like to see everyone getting involved. Without input the site will not flourish. PLEASE GET INVOLVED. KI.

Been busy today sorry.
Will be posting a chart after 7. Little girls bed time

RMc

As promised

In a wave 5. Initial targets explained on the graph

screencast.com/t/Opdclauy

RMc

Rossymc actually mate it's in a three way move else your wave 4 will overlap wave 1

I am inclined to support the long position on this pair. The weekly has shown good HH`s and HL`s on its recent rise, with sensible pullbacks. The chart below imho is showing a new wave pattern starting, but i would liked to have seen a stronger pullback on wave 1 to 2. KI.

clip2net.com/s/2wTDD

This is another pair worth keeping an eye on:



dl.dropbox.com/u/20815047/EURGBPdaily18_12_12.gif

Looks like a perfect ascending triangle so a close above 8165 should be good to go long on the breakout. Target would be 8560 or possibly the slightly lower horizontal resistance at 8506.