EURGBP could be giving us clues on on the direction of EURUSD, GBPUSD .

 

EURGBP-H4

A rejection at the 50% move of the high/low with a bearish H4 candle set-up is a sign of indecision and points to a move lower in the cross .

Yesterday i sold EURUSD at 1.1877. You can read where i entered here in my short trade idea . Below is today’s chart . Not much to add from yesterdays commentary. The levels are still active and i managed to pick the top within 3 pips .

 

EURUSD H1

 

GBPUSD is looking bullish short term .We have bounced nicely from trendline with a retest, and the set-up suggests further gains are likely if we can break the 1.3320-40 area.

 

GBPUSD-H1

 

 

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

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