Directly from Vladimir Ribakov's Live Trading Room

We have a possible Bullish scenario here for the EURGBP.  First if you look to the H4 charts we have Bollinger band duplication area to previous support area around .83521. We will be looking to buy off of one of these areas. How can we join; we can join through possible Bullish Hidden divergence that will be created around this area.  Look to the H1 charts we want to see is price reach the Duplication area around .8367 or the support around .8352 and create a bearish continuing divergence. If we get this price action we are going to want to get a Bullish candle pattern to confirm a clear stop and that will be our signal to buy.  We will be aiming 20MA of the H1 charts. for quick intraday profits and second target could reach .8400

EURGBP

EURGBP trade setup for March 01, 2012

EUR/GBP Pivot Points (Time Frame: 1 Day)

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
0.8260
0.8297
0.8323
0.8360
0.8386
0.8423
0.8449

Fibonacci
0.8297
0.8321
0.8336
0.8360
0.8384
0.8399
0.8423

Camarilla
0.8331
0.8336
0.8342
0.8360
0.8354
0.8360
0.8365

Woodie's
-
0.8294
0.8316
0.8357
0.8380
0.8420
-

DeMark's
-
-
0.8373
0.8354
0.8310
-
-