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    MarcinO
    Rep: 67
    Posts: 5,506
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    Kicking it off.
    MA
    MarcinO
    Rep: 67
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    My favorite scenario for the Pound is a reaction to 1.3175, before a serious drop to 1.30 or 1.2950.

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    6b 2016 07 24 png
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    MarcinO
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    High of the move at 73. My first support is at 1.3136.

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    MarcinO
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    36 stopped it for a while, but now it's lower.
    1.3110 is next.
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    MarcinO
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    That level was overshot by 5 pips and the Pound is starting a reaction now.
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    MarcinO
    Rep: 67
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    Bearish correction to 1.3150 would be nice.
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    MarcinO
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    1M price action looks like a typical machine buying.
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    MarcinO
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    Breaking above 1.3122 will confirm it.
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    MarcinO
    Rep: 67
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    And here comes real buying.
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    MarcinO
    Rep: 67
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    Top of the move at 53 now. Time for another leg down?
    Originally posted by MarcinO

    Bearish correction to 1.3150 would be nice.
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    MarcinO
    Rep: 67
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    1.3155 and down?

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    6b 2016 07 26 png
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    MarcinO
    Rep: 67
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    30 pips drop right off the area.