Since 29 Jan, FX:GBPUSD has experienced a bull trend. It started to rebound at 61.8% level for a while, and then continue increased from 90.0%. It raised to nearly 161.8% and then adjusted to 61.8% again. Now we can entry at 1.4530 (90.0% level of Fibonacci) SL 1.4397 (61.80% level of Fibonacci) TP 1.4667 (127.20% level of Fibonacci)
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: Thin Gold EMA did cross Red Fad SMA, now the price must go more up to come closer to our short trigger. Let´s see how the next day´s will perform.
Chart: Nice move of price. First partial take profit is taken, now we move the stop loss of second and third partial target to break even and wait if the market will give us more pips :-). For now we made around 300 pips. Expectation: Price will go higher the next weeks so we can take second take profit and than third take profit Status: First Partial Take...
Status: Waiting for more move of price down to yellow line. Comment. Blue line drawn is only for illustration and did not exactly match the movement of the price. Regards. MacMorris
Chart update. Change Timeframe from M30 to M57. Now waiting for a pullback of price to see if we can get a new short trigge to get short on Daily Timeframe. Regards. MacMorris.
As i said in part 2, the price has cut the slow sma´s at least the red one The price has moved down after the cut. Now we have to wait for a sufficient pullack and then i will look for a long setup. Regards. MacMorris
I found a nice Fib-Retracement at 61.8% line. If the price will cut the slow sma´s and then go down to the 161.8% line i will look for a long signal. Be kind with me it´s the first time of sharing my thoughts. Sorry for the bad english. Let´s see how the market goes or wants to go. :-) Regards. MacMorris
Carefully adjusted fibchannel and timefibs. Allignments of price and fib channel are marked by yellow lines (scale out to see more allignments) 0.618 - 0.764 time fibs mark a potential breakout area. Next weeks I expect moves within the red diagonals, less volatility, smaller trend angles on downmoves, short: sideways. So moon rally likely to start in august.