GBPUSD Short, 500 and 800 pip profit targets
Bearish Crab Pattern on the weekly chart. This short comes as the RSI reaches its highest level since January 2018.
We are also inside Gann's Death Cycle. This is the 48th to 49th weekly bar along with transitioning into the 7th week (49 days).
Out of the last 15 weeks, only two of those weeks have seen a close below the open.
Not shown is the clear divergence that exists between the daily RSI and CI.
There is also a massive, massive gap between the weekly Tenkan-Sen and price along with the gap between price and the Kijun-Sen.
Also not shown is the GPL (Gann Planetary Line) of Saturn, which is the natural resistance level for GBPUSD, the GBPUSD is trading right up against that level.
Couple that with falling average aggregate volume, this is setup for a beautiful short.
Also not shown is the GPL (Gann Planetary Line) of Saturn, which is the natural resistance level for GBPUSD, the GBPUSD is trading right up against that level.
Entry between 1.3980 and 1.4025
Stop at 1.4250
Profit 1 at 1.3174
Profit 2 at 1.3484
We are also inside Gann's Death Cycle. This is the 48th to 49th weekly bar along with transitioning into the 7th week (49 days).
Out of the last 15 weeks, only two of those weeks have seen a close below the open.
Not shown is the clear divergence that exists between the daily RSI and CI.
There is also a massive, massive gap between the weekly Tenkan-Sen and price along with the gap between price and the Kijun-Sen.
Also not shown is the GPL (Gann Planetary Line) of Saturn, which is the natural resistance level for GBPUSD, the GBPUSD is trading right up against that level.
Couple that with falling average aggregate volume, this is setup for a beautiful short.
Also not shown is the GPL (Gann Planetary Line) of Saturn, which is the natural resistance level for GBPUSD, the GBPUSD is trading right up against that level.
Entry between 1.3980 and 1.4025
Stop at 1.4250
Profit 1 at 1.3174
Profit 2 at 1.3484
Trade active:
Moving Stop toward the 1.44 value area.
Added 1 lot short at 1.4112
Added 1 lot short at 1.4112
Trade active:
Added another 1 lot short at 1.4170, beautiful blow-off tops.
Trade active:
Still hodling all shorts from 1.3980, 1.4025, 1.4112, and 1.4170
I'll take some profit at the daily Kijun-Sen
I'll take some profit at the daily Kijun-Sen
Trade active:
Still holding.
Trade active:
Getting ready for the first target to be reached soon.