LONG POSITION IF IT BREAKS DOWNTREND CHANNEL
DAILY: PENNANT TRIANGLE. CONSOLIDATION
(WAIT FOR RESITANCE BREAK. I PREDICT IT WILL BREAK TO THE UPSIDE. WE SHALL SEE WHAT HAPPENS.
4 HR: DOWNTRENT CHANNEL.
1 HR: SAME AS 4 HR. CREATED LL AND AT SOME POINT CREATED HL AND H.
NO DIVERGENCE,
21/8 VERY CLOSE TOGETHER.
PP SOMEWHAT WORKING AS SUPPORT. MY PREDICTION IT WILL HIT SUPPORT AND THE 50% ON THE FIB. BOUNCE UP AND TP OF 30 PIPS. COME BACK DOWN AND CREATE NEW LH AND HH INTO AN UPTREND.
GBPUSD
(WAIT FOR RESITANCE BREAK. I PREDICT IT WILL BREAK TO THE UPSIDE. WE SHALL SEE WHAT HAPPENS.
4 HR: DOWNTRENT CHANNEL.
1 HR: SAME AS 4 HR. CREATED LL AND AT SOME POINT CREATED HL AND H.
NO DIVERGENCE,
21/8 VERY CLOSE TOGETHER.
PP SOMEWHAT WORKING AS SUPPORT. MY PREDICTION IT WILL HIT SUPPORT AND THE 50% ON THE FIB. BOUNCE UP AND TP OF 30 PIPS. COME BACK DOWN AND CREATE NEW LH AND HH INTO AN UPTREND.
GBPUSD