Disliked{quote} GBPUSD Had a good look at the charts and this pair seems one of the most promising at the moment on a move that could reach 1.67. Weekly chart Hammer Pattern formed at 50% Monthly chart. 4 Hrs chart possible ABCD with destination near 1.63. Invalidation for this pattern below 1.5993 One possible place to add longs is 1.6032, that is 61.8 Ret 1 hour chart + daily S1. Don't enter long here, wait for retracement to specified level, because if it fails (we had one that failed 2 weeks ago) it becomes unnecessary risk. GBPNZD has similar pattern...Ignored
Weekly Hammer still stands, until that is taken out my bias remains long. Price currently challenging 23.6 Ret 4 hrs chart at 1.6006.
EURUSD
Last setup worked for 20 pips and then price bounced off 38.2 Ret 4 hrs chart for another dive taking out my position.
Until 1.25 remains I will be very aware.
Fibonacci will make you rich