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Melchizedek

EURGBP wHAT TO DO?

Long
Euro / British Pound (FOREXCOM:EURGBP)  
Melchizedek Updated   
FOREXCOM:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Beyond Technical Analysis
2
0
trendanalysis chartpattern beyondta
Price is pointing to that "bird in the bush" just like a good hunting dog. Can you see it?
Perhaps an additional chart of Support and Resistance will help...

snapshot

See it now? Happy New Year 2018! Don't say I never gave you anything!
Comment:
A close-up view... why dooes the price track on the GREEN Lines? Is this Support and Resistance in a different form (from horizontal)?

snapshot

Yes, it is. And although each green line has a differing ANGLE, price tracks each green line towards the focal point. This is the essence of my "Occams Razor" trading system; It is SIMPLE, Simple, simple! All prices point to where it wants to go; simply combine all angles and they intersect at one point in the future.
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