Today is the Fibonacci Count down day on my British Pound Daily chart. I've had to wait for price to make what I believe is a top for the day. I've set up a net of sell stops to catch price going down. If I'm wrong, hopefully only one or two if any get triggered for small losses.
The first chart shows my target which is 3-8 days out. The price target is based on that trend line that has been very strong. If it gets broken, that's all the better. But I think it all hinges on the New Homes Sales report due this Friday along with a couple of other reports.
The second chart is the ellipse updated from a previous post.
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