GBP/USD Daily Video, June 29, 2018

[Sive Morten]

Good morning,

Sterling mostly has reached potential reversal point of 3-Drive "Buy" daily pattern. Now we need to keep an eye on intraday signs of this process:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Mrpakasit]

Greeting master Sive, as you have said about a 3-drives move on GBP/USD, does this pattern also happening on the daily chart of USD/CAD or not?

Thank you for all your great work for this forum, sir!

 

[Sive Morten]

Greeting master Sive, as you have said about a 3-drives move on GBP/USD, does this pattern also happening on the daily chart of USD/CAD or not?

Thank you for all your great work for this forum, sir!

Yes, indeed. (we have mentioned it in weekly CAD report as well)

 

[Mrpakasit]

Yes, indeed. (we have mentioned it in weekly CAD report as well)

Thank you, master Sive.
One more supporting pattern for down side as formed a 1414Butterfly at the very end of the third drive.