We've already double topped during the London session, which means that using the 2618 would be the perfect technique for those looking to get involved.
We have another jammed packed day of economic news events being released today especially from the GBP starting at 8am (New York). Thus far this week I've been on the wrong side of most moves but as we demonstrate time in and time out, the only way to get through a drawdown is to trade through it.
Easier said than done this week as I'll probably be shutting down shop soon, but I did get filled the Kiwi position so if I could get a positive win on that, it would be a great start to the drawdown healing process.
Lastly I'll probably be live on Youtube tomorrow during or right after the Non Farm Payroll release.
Oh yeah, again draw from where support was gained and then lost, (not the swing high) and where does price settle? the 1.618? If only I understood what those fib things were.