UnknownUnicorn2215917

UnknownUnicorn2215917 Updated 

Downward momentum strong. Waiting for either rise and test 38.2 or break of support.

UnknownUnicorn2215917 Updated 

Price seems to build a pattern based on the previous fractal. The exchange rate continued to make a measured move followed by a push to the upside, now looking to continue into a bullish direction.

UnknownUnicorn2215917 Updated 

-61.8 retracement followed by another 4H candle rejection. -Candle test from 128.900 HL swing.

UnknownUnicorn2215917 Updated 

-Continuation after correction

UnknownUnicorn2215917 Updated 

Looking to make a measured move down to join support.

UnknownUnicorn2215917 Updated 

-Expanding wedge. -Test of psychological support.

UnknownUnicorn2215917 Updated 

I assume based on Dows failure to rally, perhaps this is a sign that market wants to turn around At each test of resistance, after dropping more than 500 points, the market has continued to push bearish as well as the Divergence also validating the direction.

UnknownUnicorn2215917 Updated 

Looking to place a buy limit at 1.21381.

UnknownUnicorn2215917 Updated 

I believe price will either test 108.700 area before continuing bearish as not only momentum decreased approaching weekly resistance but also the retracements became larger suggesting reversal or price will break support. In addition to this, it could be a potential Right shoulder forming on the 108.7 zone which would also suggest bearish moves taking place.

UnknownUnicorn2215917

GBP has been taking PHAT L's since '07. When you jump to the Weekly timeframe and deep it for a second. From Gordon Brown to Theresa May to now big boy BJ. Will we break to find a new low? Let's find out on the next episode of Dragon ball Z.

UnknownUnicorn2215917 Updated 

Test of Resistance. I'd like to add that the posts I share are for my own education, so I can learn from where I'm going right or wrong. The market is neutral. I don't mind going wrong on a trade because I'm focused on perfecting my analysis. Profits are the byproduct of the process I've gone through to make a trade. Taking a risk is all part of probability,...

UnknownUnicorn2215917 Updated 

Rounded Bottom followed by a test of support.

UnknownUnicorn2215917 Updated 

Contrary to my previous long idea for gbpusd, as the impulse down outweighs any signs of pushes to the upside. I believe it's more likely to see a bearish continuation as price seems to lock into this restricted pennant. This would suggest price is exhausting before continuing.

UnknownUnicorn2215917 Updated 

If price breaks resistance, we'll be looking to go long.

UnknownUnicorn2215917 Updated 

I believed, due to Point 4 not closing above point 1, that this would be a Truncated 5 Elliot Wave. With that being said, looking to find a double top to push the market down after the 10am candle close. (Could possibly re-enter)

UnknownUnicorn2215917 Updated 

-Related to my previous idea. -GBPUSD also made a low, followed by a rise into a higher low. -Larger retracements approaching a zone, signal a reversal in price. -Expending a break out, going long.

UnknownUnicorn2215917 Updated 

-2 Valleys reached a level of support in a consolidation.

UnknownUnicorn2215917 Updated 

-61.8% retracement.