Long

GBPUSD to 1.5 in the next 2 weeks

Updated

Recognising pattern in the uptrend ongoing from October 2017 until now I was able to estimate the new top of the coming couple of weeks. The arc shaped arrows point the patterns that look alike and the pattern to be copied.

The height multiplier is the division of the height of the previous two patterns that are almost identical in width and shape. Multiply the outcome with the height of the following pattern and it provides us with an estimation for the top of the coming weeks.

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Doesn't happen that often but it seems that the time has come....

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De height of the following partern starting of today =753 pips.

The total rally for the next two weeks is 753 x 924 / 444 = 1567 pips of which 567 in this week and 1000 pips next week.

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Updated Analysis: fix some errors and updated with latest available data
tradingview.com/chart/0y16U69l

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The USD bull has managed to postpone it another two weeks above my expectations. Also this week I am not 100% confident it will not be disturbed.

Finally, Tuesday almost a week ago around 2 hours before London opened there was an impressive display of the market dominators fighting each on one side of the GU market. It pushed it further down to 1.32 but could not get it beyond that and doing so I noticed GU recovered from that power struggle a lot weaker than it was before it started. So everything is just moved a couple of week forward but I still expect it all to happen and with a weaker GU which may not make it to 1.5 at all.

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Now we really get started

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And now really really ;)

The USD raging bull has delayed the process quite a bit. Even now that it has really started I've seen new buying surges coming in. If this continues then the whole process will be delayed and take longer than two weeks. Let's see, keeping an eye on COT data, although it's one eye only.

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Reality is, the bull never stopped and new failed attempts have passed each of them still seeming to come closer to the final real fall of UJ.

Updated tradingview.com/chart/0y16U69l/

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Coined the name UJ Seasionality as the USD started to reverse in the first week of July, Some say it's because of the closing of the first half and said it's because the other majors finally collect enough strength to overthrow the USD. It is probably both, you need the perfect storm to make the USD reverse because of its huge trading volumes. Basically make sure all other currencies are stronger and as the USD finishes another bull run and it returns back down then push it further down. Currency cycles should therefore be in ideal position , i.e. shifted from each other so that maximum force is transferred onto USD into a downward direction. The reversal alone is going to take one whole week or more, then the descent of UJ has to be completed of which bottom will mark end of process

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All geared up again. Still waiting for the correction where I expect the USD will be forced to fall against the other economies. It is not much longer the FED will be able to keep everyone in wonderland with their sweet talking.

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Another signal for this continuation. USD Bull perma rig has held for this long and it took me two years to understand what I am dealing with here and to develop methods and strategies to disassemble the most economic damaging thing I have ever known of its existence.

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Some ideas related to this two year discovery..

Exceptional speculation from mid April '18 onwards

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Currency strength is not what we see on the charts. Currency pairs are capable of piggybacking others and this way appear strong. Even more because its global presence is another variable used in the equation...

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The multiple times postponed confluence of circumstances, up to the inevitable amplified version of the UJ Seasonality opening bell would collide with COVID economic turmoil..

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Born without a sense of responsibility I guess..

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Finally a little riddle to test if you completely understand the theory :)

Deep-Peat-Shark

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by Deep-Peat-Shark

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