3wma came already too close to the the trend-line. i would expect break downward towards 1.6110 area.. then perhaps bounce... but not higher then the bottom line of the channel. if this happen then we will see almost perfect H&S... and then........ if 3wma will cross 1.6110 i am SHORT till it reaches 1.5600 area.. but we will see what will happen
 |
| GBP/USD D1 |
A point of view that deserves close monitoring ;-)
ReplyDeleteyes, everything may happen.. but i think we definitely should keep an eye on this... i also have changed the picture above with more precise levels and with the fibbs added for more rigor ;)... you would love this D-Huston.. the possible shoulder top is at 0.618 level...
ReplyDeleteif 1.62 breaks I will short it for a target of 1.5750. However, if 1.65 breaks again, look for 1.6750 target. It will all depend on SnP improvement and Euro breaking 1.4550.
ReplyDeletelooks like it is quite bullish on H4 :S
ReplyDelete