Adversa
GBPUSD PentagramsDaily TF.
The pentagram allows you to predict the appearance of reference points, as well as determine significant levels inside model. Sideways movement, a rebound from the level and a breakdown upon re-entry or change in direction of movement can happen on their horizontal projections (1.3970/1.3375/1.3248/1.3179/1.3014/1.2860/1.2820/1.2711/1.2544/1.2415/1.2200/1.2025/1.1960/1.1610/1.0880).
The blue line is the diagonal level of support/resistance.
Sell from the top levels to the targets at the bottom, buy from the targets at the bottom towards the top levels.
Forecast for February 2020 high 1.3320 (low 1.1960).
Use comprehensive analysis.
Good luck!
XAUUSD possible scenarioTrendline breakout of Dn-model indicates the target at the top ~1470.70-1478.70.
Perhaps the formation of a new Up-model (MDB) in the form of an upward channel. If the corrective movement of the MDB model will happen and pink trendline breakout happens, then HP ~1448.50-1446.60 with high probability can be achieved.
If 1470.7 will reached ahead of schedule (that is, the time from point 6 (1450) to the trendline will be more than from the trendline to the 1st target) then XAUUSD will most likely return to the Dn-trend.
Yellow line - diagonal support/ resistance.
Breakout 1446 and consolidation under it - TP ~1431-1421.
