FMLTrader

FMLTrader Updated 

After the boyscout tries to bump his head and it fails to break the ice above, my expectation is the boyscout took landing on the sand to take force upward. On this way, the boyscout may break the ice and starts to recover to escape on the cold shallow water

FMLTrader

Price start to rallies up Indicators long signal

FMLTrader

> price uptrend > spring plotted > indicators long signal

FMLTrader

Now the price seems to form N or if the price moves higher forms W Spring pattern spotted which potentially rallies upward Indicators signals long

FMLTrader

Boysscout falls on Ice Floor and tries to recover upward but he fails to break the ice floor He tries to bump his head but failure again Potentially the boyscout drown deep and just waiting for the rescue

FMLTrader

> price breaks support > indicators signals long

FMLTrader

Price falls on ice price shows SOW (Sign of weakness) indicators signals short

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price flows downward as it breaks the ice level price may hit the previous level of S&R on weekly time frame indicators signal strong move of sell

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Its on downtrend

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> Now the price breaks the trendline support and the horizontal support area itself. > Indicators signals short

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This is an update of last week analysis

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> Expecting rallies up after retest > Price still above baseline

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Expecting SOS above resistance level or JAC Price still above baseline Indicators signals long

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> Price start to recover upward

FMLTrader

> Price still on retest of support > Price starts to rallies up as demand overcomes supply > Indicators signals long > Price is on the baseline signals long

FMLTrader

> GBP is on downtrend which I'm expecting after retest of support > Indicators signal short as a continuation trade > Price still below the baseline and signals short > Price did not cross or touch to baseline which signals a continuation downtrend

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Price is falling following the anchor

FMLTrader

> Now price is pulling back to the support > Im expecting a good entry for downtrend after retest.