gbpusd currently in asian session box from open to close 25 pips have been captured. currently i put a sell right on top of Asian session to then short it to the yellow gold zone i have highlighted for a 50 pip move. fib retracement ! then buy in that area for a long term hold.
Supply & Demand Zones M/W/D
Price Action
Major Quarter Point 70.00
Monthly: price at a previous LOWER LOW July 1 2015 70.00 price
potential retest at the 70.00 price level and sell to the previous most recent low to create a lower low or reject the low. Also touching blue monthly Down ward trend line acting as resistance. power of three occurring with three...
correction of uptrend looking for sells 250 pips down then retracement of 125 pips 71.250 from major QP quarter point 70.00 then an ultimate sell from the retest of correction to go under below 70.00
monthly Time frame buy zone
weekly supply zone
and under 72.50 minor qp
uptrend channel at top heading back to bottom of uptrend channel.
Downtrend traveling through a down channel and respecting key level prices with my supply and demand zones ‘ purple daily supply and demand zones
Green 4hr supply and Demand zones
Weekly orange zones
Monthly blue zones
Double top possible retest of the previous low that broke with bearish momentum. retracement
Respecting my parallel channel line exactly on the minor QP 1.9250 for the bear run.
Expecting for it to sell for three day’s and reach my major QP 1.9 for the retest. It did a a bullish momentum with high volume form the break it did
Been ranging between two prices as I highlighted 120 pip range .
Waiting for breakout to identify the trend
There was a weekly orange downtrend broken creating a weekly demand zone. Which calls for bullish but did the retest happen of break ?
We eye hawk this pair to distinguish what the gbp pairs do.
Also possible double top and M shape pattern as I drew the...
Buy limit on 1.68750 level . RSI showing a potential buy opportunity. It can break through my orange weekly downward trend line. Once it does I will wait for the retest of the trendline and make entries.!
Looks like it’s forming a double bottom
