PRICE BOUNCED AT THE PRZ NOW WE HEADING TO AROUND 0.92272 LEVEL
We now approaching PRZ, expecting a spontaneous fall once price gets into the PRZ.
DOUBLE TOP FORMED AT THE THE 0.786 XC-RETRACEMENT THEREFORE WE EXPECTING THE MARKET TO FALL TO THE 1.17500 PRICE LEVEL.
WE ARE AROUND THE REVERSAL ZONE ONCE THE MARKET SPIKES INTO OUR PRZ WE ARE READY TO SHORT GBPUSD. ALREADY PENDING ORDERS ARE WAITING IN OUR PRZ BLOCK.
TWO BEARISH HARMONIC PATTERNS ON WEEKLY AND MONTHLY. THE MARKET JUST REACHED A VERY SIGNIFICANT SUPPORT LEVEL THEREFORE WE EXPECT A MINOR BULLISH MOVE THAT MAY LAST ABOUT 100 PIPS BEFORE THE FALL BEGINS.
WE HAVE HAD A DECENT BULLISH MOVE AND NOW WE EXPECTING A RETRACEMENT THAT WON'T GO BEYOND THE FIB LEVEL. CURRENTLY WE IN THE OVERBOUGHT REGION WHICH IS A VERY GOOD INDICATION MORE SO WE ARE AT MAJOR QUARTER POINT LEVEL WHICH ACTS AS OUR RELIABLE S&R.
RETEST ON THE BROKEN SUPPORT....EXPECTING THE MARKET TO FALL DIRECTLY INTO OUR TP.
We have broken our magc trendline there the GREAT fall of the GREAT BRITISH POUND has began
We have a very precise reversal zone therefore we expect an aggressive bounce-off
WE BUYING....PRICE ACTION HAS ENTERED THE PRZ THE OSCILLATORS ARE IN OVERSOLD.
EXPECTING A BREAKOUT ON THE XB TRENDLINE. WE ARE GOING TO WAIT PATIENTLY FOR A SAFE ENTRY AT THE PRZ TO TAKE THE SHORT POSITION.