This is not one of my favorite patterns but it's there for your viewing. It makes sense and coincides with my call of last week's GBPUSD sell off.
Let me know what you think.
If analysis are correct, this could be close to a 400 pip move. It'll be a patient move and could take a few days to completion... there's only one way to find out; wait for it.
4 and 9 EMAs are thin lines, and all though they're good indicators, they tend to be emotional and react in shock. However, the 20 EMA, 20 McGinley and 100 EMA are patient and show you bigger moves. The pip gains are insane when the 20 EMA crosses the 20 McGinley. The 100 EMA adds a major level of structure for trend or counter trend continuation. This is a...
