FX_Sensei

FX_Sensei

If this analysis is correct it may take a few weeks to hit target. Lets wait and see...

FX_Sensei

Long : Target 1.36209

FX_Sensei

POUND once again found support within the channel & is now continuing along the pattern . Major Resistance: 157.244 Key Resistance: 155.524; 152.494; 149.622 The POUND is fairly stable at the moment. Brexit might have a volatile influence come mid March, taking the potential BREXIT extension into account, the market has the potential to reach above 157.244.

FX_Sensei

Price found support within the channel Looking long for the next month till around end march Major Resistance 157.224 Key Resistance 155.524

FX_Sensei

Price will adhere to the channel Drooping to low 13.24507 Progressing past a few past major hourly levels of support and resistance. ie. 13.86955; 13.71163;13.52501; 13.38145

FX_Sensei

I spotted a few points to take into account: 1. The Butterfly 2. The Double Bottom 3. The Fibonacci Retrace 4. Support 5. Fundamentals Trail your SL

FX_Sensei

Main Down Trend pullback Bounce off Trendline Enter @C SL @A TP1 @B(100%) TP2 @D(127%)

FX_Sensei

Double top spotted @1.6355, Confirming Bulls achieved New High. Now we jump into the dip/retrace. (NOTED)The test of the Resistance level @1.6355 Fibonacci can now be applied from the level of the test @1.6333 Now note the ABCD Pattern within the FIB where: A = 1.6333 (0%) B = 1.6051 (100%) C' RETRACEMENT = 1.6179 (38%) D' TARGET = 1.5897 (162%) SL @1.6333 TP1...

FX_Sensei

Downtrend Trend Reversal Trendline broken @130.010 A to B = 100% Retracement from B to C = 50% Rally From C to D = 162% Enter Long From C @B

FX_Sensei

Downtrend + FIB setup From A to B = 100% Retracement From B to C = 79% From C to D = 127% Short @50% SL@C TP@D Trail Stop