Originally posted by specgoldbug
Hey RickM,
Also Looking at eurgbp to try get some kind of confirmations of what may take place the eurgbp has lots of scope for a decent fall here supporting the case of gbpusd bull and eurusd bear....Strong resemblence of a H&S formation in shorter zones
MONTHLY
View attachment 1441767
Hi Spec
Here is how I draw my Monthly lines on a Monthly Chart. See the strong Resistance at the Monthy Close from a few Candles.
The drop below is worth 160 Pips.
I can see NO trade at present but a good Sell signal is close I feel.
P.S. Forget that H4 sign in the left corner.