GBPUSD (OLHC) Possible Long-Term Bulls for ”The Cable''
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MONTHLY
Overall structure for ”The Cable” is OLHC. Price is looking for a strong support so we buy. Sellers are still dominating price. Overall yearly structure appears to also be OLHC. We need a strong support .
WEEKLY
Divergence in a weekly time frame from 5 August 2019 to 23rd March 2020 confirms possible buyers soon coming into markets . We currently waiting to see if Priceline will cross above bloodline.
DAILY
Using fibs in a daily time frame from the low of 20th March 2020 to the recent high and consolidation of 27TH March 2020 we can see a rejection above our fib zone 23.60% (1.22000) Still price appears to be OLHC structure in daily. We wait for extra confirmation.
4 HOUR
Am not fully convinced this current support is strong . Also buyers are not in this current timeframe since Priceline hasn’t crossed above the volatility bands and bloodline. Priceline is currently below solid 50 TDi.
Overall structure is OLHC we looking for buys at a very strong support . Kindly wait for confirmation if buyers in higher timeframe.
MONTHLY
Overall structure for ”The Cable” is OLHC. Price is looking for a strong support so we buy. Sellers are still dominating price. Overall yearly structure appears to also be OLHC. We need a strong support .
WEEKLY
Divergence in a weekly time frame from 5 August 2019 to 23rd March 2020 confirms possible buyers soon coming into markets . We currently waiting to see if Priceline will cross above bloodline.
DAILY
Using fibs in a daily time frame from the low of 20th March 2020 to the recent high and consolidation of 27TH March 2020 we can see a rejection above our fib zone 23.60% (1.22000) Still price appears to be OLHC structure in daily. We wait for extra confirmation.
4 HOUR
Am not fully convinced this current support is strong . Also buyers are not in this current timeframe since Priceline hasn’t crossed above the volatility bands and bloodline. Priceline is currently below solid 50 TDi.
Overall structure is OLHC we looking for buys at a very strong support . Kindly wait for confirmation if buyers in higher timeframe.
Handel aktiv:
First Take Profit 1.24792
Trade stängt: målet nått
Trade stängt: målet nått