EurGbp yesterdays and today trade

Yesteday's long trade at .8258 was closed yesterday afternoon at .8290. Incidentally you can see the divergence in the stochastic coloured ribbons in yesterday's touch on the RL. I referred to this as just one of my reasons for the long trade. Today i am long again at .8278 after price weakened overnight and in early european trading and fell back to the RL where it again found support. This area was at a confluence of the yellow CL and the RL. I expect price to attempt to break through the yellow UMLP and fail on the first second attempt but should go through later this afternoon/tomorrow.See how price will be supported with the upsloping RL as it is funneled down by the yellow UMLP into a cone. You could possibly get long on a further touch of the underlying RL with a stop underneath but great importance should be paid to price action as RL's can give way at any time and let price through. Also sometimes price will fall through the RL only to resurface above shortly afterward.

I am also long Euro$ at 1.3197. I can now see familiar price action pattern insomuch that sharp vertical moves that we have seen lately are followed by small sideways movements and a minor retracement of not more than about 25% at most.See how price action is affected by the RL's shown below in dark red and automatically drawn on the chart by the MQ4 custom indicator. ................................this post is unfinished