Eurusd gave me three levels to the down side. I seen divergence and a new peak formation Low ,head and shoulders with a 13/50 cross confirmed level 1. Looking for a stop hunt low and a bounce off the ema's preferably second leg of w. we are in as downtrend so it could be possible that we get a push back down long term.
Looking at GbpUsd I can clearly see three hits to the high and they have been collecting contracts for quite awhile now. I don't expect the fall forever but I do expect at least 2xAdr with a "(M) off the mayo" as Steve would say. The 13/50 cross so that's a confirmed level one lock to the downside. Gbpusd is tricky i would not be surprised if they kept ranging .
GbpUsd for next week I believe will get a push higher. Last week market makers had a sell off with another 1350 cross down so they could push down three levels but I am standing firm with the push up because I still haven't got my 3xADR. look for the bounce off 200 ema big (w)'s we might get that reset or the bounce off the ''mayo'' like Steve's says.
SEEMS LIKE WE GOT A PFL FROM YESTERDAYS FALSE MOVE WEEK BEGINNING SO NOW THAT THE 13/50 EMAS CROSSED INTO A RESET OF LEVEL 1 WE ARE LOOKING FOR THE (W) ATH THE LOW OF THE DAY IN LONDON/NEWYORK SESSION. ON THE 15 MIN CHART WE ALREADY HAD THE 15MIN ID50 BOUNCE HAPPEN BUT ON THE 1HR CHART WE ARE GOING TO LOOK FOR THE 50/50 BOUNCE.
LAST WEEK WE HAD 1XADR DROP THEN GU HELD THE LEVEL FOR 4 DAYS THEN DROPPED TO 2XADR WHEN MARKKET OPENED AND ACCUMALTED MONDAY. I EXPECT A (M) AT THE HOD TO RIDE DOWN TO 3XADR.
