I completely overlooked the GBP installment. That is a classic and is exactly what I am searching for when using this approach. The pound is also approaching significant support however, the risk/reward on this one is far better compared to euro setup. I'd have moved my stop to break even by today.
1. Daily close inside the sell zone.
2. Quick rally and rejection off 50 and the BB MA.
3. Price breaking the low of the previous bar within seconds.
I Really like it
Cindy: I want the price to poke the BB and hopefully the 50 ma as well. I also need the installation to occur within two bars.