Other currencies

I have been looking at other currencies than EUR and GU. Just to see how the methods apply.

This is a look at EURGBP and an assessment of how I look at the charts to see how things may have played out.

D chart has identified resistance levels around 0.7918 and 0.7985 (these prices are bands as I often put the line on the body high/lows not the wicks). The negative close on 7 Aug at the proven resistance level means from 8th buys and sells would be considered. Buys as this may just be a dip in uptrend, sells as we have a proven turn level and we never know when a negative close will follow through.

4hr chart, the lower highs after divergence play out nicely.

1hr chart, from 8th i.e. after the D neg close, the higher high higher low flow has been broken. The lower high engulfing closes 8-10 Aug each works out nicely.