GBPUSD forex Bearish AB=CD Fibonacci Pattern

On the 240 minute chart GBPUSD has a strong bearish signal. The AB=CD is
a powerful pattern and we can expect to see that GBPUSD forex pair is going to
reverse to a downtrend in the very near future.



--
Dave MacKay
http://www.thesmallbusinessideassite.com

EURJPY Bearish Bat Fibonacci Pattern

The EURJPY forex pair has a Bearish Bat pattern which is indicative of a retrace coming in future.

Gold Bearish Butterfly Fibonacci Pattern

Gold formed a bearish butterfly pattern and then started on quite a downhill move. Gold had been struggling to go up and finally got up so far and the pattern formed and the descent started.

The renko bars, for some reason, form a lot of M's and W's and that allows the Fibonacci patterns to be easily distinguished.

--   Dave MacKay  http://www.thesmallbusinessideassite.com