![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqMDTc1grYZAWIFeY0chScCLPiCKqAR2VTUNV3wW6RMg1c6bldNSMW3tCOeSqbZznBoI-Y862s5Rrdm98oWrb-yKOOfgvU2BjnTs8dnTmdL9R-9Gry7S9yjW4hdQZ3571ihOWPrb3pr35/s320/euro+gbp1.gif)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQyp0LYcEP6HxT3LoTpYvK1_X0CyEF3ACzjCC21fQ1HNKa_id0jFqPKieYbYVplHkAJynOSsBAczAjMeEluHz479sckgSuMzzcTmpXowUcv6a-_R3VIPB4hNYVx50GWCHyxoiO_ye4ciBd/s320/euro+gbp.gif)
This is how they should work- Double tops formation Plus a great RL and a trade with a nice tight stop of 5 pts and a perfect reaction downwards (plus a bit of help from UK government and it's current fiscal policy re todays spending review).
PS: look at the grid in the 15 min EurGbp chart---The WL's are just as valuable as the RL's.
and below a couple really superb RL's on EurUsd(auto RL Metatrader Indicator available as MQ4 file pls
ask)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIFJxlWzcsnjVK4H-uoW6pI78F-uEdKQRzBRqQiNPLWviY39TnvMXS3U9Q_594PIKcivvy3RabF4ogYFB7OUFJvlTUzZUDtJOn1IQb1nlRQVq_A8Lvx4dxhLAGOkgfPGsVl_f29J_IC5kK/s200/euro+usd.gif)
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