Journal
GBP/USD - 17 December- Major divergence Pound / Dollar index. Indicating heavy accumulation in Pound
- Price has 70% chance of staying within range
- Asian range/judas swing indicating uptrend today
- 6 down weeks in a row
Major divergence in DXY & GBP/USDIndicating heavy accumulation in the Pound. Looks like we'll see good news coming out of the UK soon
GBP/USD - 12 December NYOPut entry too low for London open, should have seen the liquidity which was taken out on the left
GJ Journal 12-11-18 So, all week GJ has been dropping like no other, I personally think this is due to the high pressure news and rumors of Brexit. Historically, if you look left there is a zone a few hundred pips below that many buyers have entered the market, now what I think may be happening is that, price could keep dropping lower and lower until we reach that large zone of buyers and finally end this seller push! Also, all timeframes have been telling and hinting that we should be heading to that yellow zone below and also, now on the 15 min we are downtrending again and I believe that with price stalling currently and us heading downwards nearing London session, we could really see that zone become reached by the end of this week!
