Quoting danegg7DislikedYou and I are seeing things a little differently. On the EUR/USD daily chart I am seeing a 1-2-3 formation in play. This should take us down to 1.2963. The GBP/USD on the other hand has been more resilient than the EUR/USD in the past week, and hasn't broken the 9464 low, and therefore the 1-2-3 formation hasn't been brought into play, but I believe the EUR/USD will serve as a magnet to the GBP/USD and we will break the 9464 early next week, and hopefully head till 9200 by Friday.
Here is information regarding the 1-2-3 formation, very simple, yet very reliable.
http://www.surefire-trading.com/tsl/tl/tl-72.htmlIgnored
I am always, always weary of large obvious patterns on such a popular pair but a duck is a duck....so I have to try.
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