A slight variation of the Fisher -Trix System,
very well and often ahead of price trend line breaks, see sample farther back on this chart. On a weekly frame GBP finished the week with a bearish candle pattern and a close below the 10ma. On daily frame we have a negative diverging double top in progress.Near term downside target is at .382 Fib. level.
. I left out the Fisher 34 so that I would have more room to show the Trix ribbon swing action & support / resistances. Trend breaks using the Trix7 work very well and often ahead of price trend line breaks, see sample farther back on this chart. On a weekly frame GBP finished the week with a bearish candle pattern and a close below the 10ma. On daily frame we have a negative diverging double top in progress.Near term downside target is at .382 Fib. level.