gmfxc

gmfxc

Analysis

gmfxc

Double 61.8 rejection Trendline breakout Strong resistance zones in monthly & daily

gmfxc

- Waiting for confirmation of trendline breakout - Lot of political impact this week - Will predict a SHORT based of the strength of the £

gmfxc

- Waiting for confirmation from daily/monthly trends

gmfxc

AB = CD pattern formed

gmfxc

Waiting for retest on monthly trendline

gmfxc

- Looking at the the 61.8 Fib looking to go long towards the 1.272

gmfxc

- Perfect 61.8 on 4 hour completion - Looking to retest resistance level before going short towards 130.00

gmfxc

- Looking at the strong monthly trend lines I can see that there is a impulsive breakout to happen to the bull or bear direction - Looking into the daily we can see it touched the 78.6 Fib coming back down to the 0 - Waiting for breakout on channel towards the 1.272 level or engulfing towards the upside

gmfxc

- Looking at the monthly first (bottom trendline) we can see strong rejections off it - Waiting for breakout for long term short or long - Currently on a perfect 61.8 Fib on daily - Targets for short 1.1100 before confirmation on trend line breakout with support

gmfxc

- Strong monthly trendlines meeting - Looking at 4 hour chart AB=CD pattern completing - ending in the lower zone - Looking to see if its going to breaks monthly trendline to go to lower zone of reject to the upside

gmfxc

Looking at the Bat formation looks like a strong bullish movement Hoping for a completion of the 78.6 "wave" then either waiting for a confirmation candle for the bullish or bearish movement

gmfxc

Looking at the monthly - STRONG trendline formations Waiting triple touch on the upper trend line Waiting for breakout for the upside > 1500 zone Breaking it down to 4 hour zone is consolidation - triple rejection of monthly trendline Waiting for confirmation with candle formation before entering.

gmfxc

Looking at weekly support zone, GJ looks like it is going further short towards that zone.

gmfxc

Looking at the daily chart strong 61.8 Fib on the support/resistance zone looking to go short to the bottom zone before a possible reversal to the upside.