Possible GU Structure Ahead

Retracement into BoE Thursday, then maybe a 5th wave down toward the current 2018 low. $DXY $EURUSD $GLD $GDX $SLV

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Bad EUR GDP Numbers taking it down a little more in sympathy.

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Watching what GU does here on Month Camarilla S4 and Week Camarilla S3.

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GBP seasonality could follow EUR to mid-November bottom after wave 4.

www.mrci.com/client/spmarket/bpd.php

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Starting short at 1.2950

Target maybe 120-150 pips down. Unclear if we revisit the 2018 lows.

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Whoops wrong picture above!!

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Added more short today in a bigger way. I am under water at the moment but I believe it is a sound trade. We managed to make it all the way back to the base rail of the descending pitchfork... unbelievably. This is a simultaneous resistance zone of the Year CAM R3 and Year Pivot. There are some month pivot backtest targets that I am looking at to get out of this trade... however we may see a full 50% retracement from the low to the high this week.