Possible pattern in the process. Selling the daily break at around 0,8790 for target 0,8710 in extension to 0,8660
Economic factors to note: 1/ 04.12 Euro Zone PPI (good and bad = neutral) 2/ 05.12 GBP Retail sales 3/ 05.12 Markit Services PMIs 4/ 06.12 ECB non-monetary policy 5/ 07.12 Euro GDP !!! 6/ 08.12 GBP Production figures and GDP estimate !!! 7/ 12.12 (this could be a sell to OR buy from the extension if or if not yet achieved already) GBP PPI and CPI figures
Trade stängt: målet nått
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Pretty spot on, for once.
Looking at PA for a sell re-entry for a repeat of the idea in similar fashion.