The_GOWS

The_GOWS

ROSE always a good buy in a Choppy Market. Bullish sentiment ALWAYS prevails. Technicals: 1) Broken and retest 1H Trendline, Sellers are out. 2) 15m Liquidity Zone creates a 1H Order Block 3) Looked for Order Block Retest with 4H 21 EMA, RSI Divergence, and 78.60% Fib.

The_GOWS

PRICE HAS BROKEN LAST LOWER LOW, AND CAME BACK FOR A RETEST (GRAY ZONE) PRICE GOT TO OUR DAILY ZONE (YELLOW ZONE), AND REACTED DUE TO BUYERS SENSITIVITY. THIS CAUSED AN ENGULFING BULLISH CANDLE. NEVERTHELESS, OUR PRICE HASN'T REACHED ITS LOWEST POINT, AS OUR BEARISH FIBO STRUCTURE STOPPED THE PRICE IN LEVEL 61.8% (68.62), AND PRICE STILL HASN'T REACHED LEVEL -27%...

The_GOWS

PRICE HAS TURNED TO THE DOWNSIDE, BREAKING 4H ZONE (GRAY). PRICE CAME BACK TO RETEST 1H FIBO STRUCTURE LEVEL 61.82% (0.68412), AND REJECTED THE ZONE WITH A PINBAR. WE USED 1H FIBO STRUCTURE AND ZONE BREAKING TO GET IN THE CURRENT TREND UNTIL OUR NEXT DAILY ZONE (YELLOW).

The_GOWS

WE CAN APPRECIATE HOW THE PRICE HAS COME TO THE UPSIDE DURING THE LAST WEEK, BREAKING THE BEARISH DAILY TREND. NO WE HAVE A ZONE THAT NEEDS TO BE RETESTED (67.28). MAIN FIBO STRUCTURE (RIGHT), REACTED TO FIBO LEVEL 61.8%, REACHING -27%. NOW ITS COMING BACK TO RETESTE 0%. SECONDARY FIBO STRUCTURE (LEFT) IS DRAWN, AND WE ARE WAITING REACTION ON LEVEL 38.20%, AND A...

The_GOWS

MAIN FIBO STRUCTURE (RIGHT) HAS REACHED LEVEL -27%, AFTER BREAKING OUR DAILY ZONE. WE ARE WAITING FOR THE PULLBACK ZONE WHICH IS LOCATED A 0% OF THIS MAIN STRUCTURE, FOR AN ENTRY UNTIL -61%. FOR THIS WE HAVE DRAWN SECONDARY FIBO STRUCTURE (LEFT) IN ORDER TO MAXIMIZE ENTRY ACCURACY. OUR ENTRY HAS BEEN LOCATED AT 50% FIBO BECAUSE IT COINCIDES WITH 0% OF MAIN FIBO...

The_GOWS

Main Fibo Structure tested level 23.60% for Bullish Structure 3 times, and it hasn't managed to get to the upside. Our price its currently testing the lower range of the consolidation broken last week, and it coincides with the 61.8% level on the secondary fibo structure. With this given, we can see in 1H chart that we expected for a SHS on level 61.8% (1H Fibo)...

The_GOWS

PRINCPAL FIBO STRUCTURE (RIGHT), INDICATES REJECTION ON LEVEL 61.8%. PRICE REACHES -27%, AND LATER COMES BACK TO RETEST 0%, WHICH IS REJECTED. SECONDARY FIBO STRUCTUE (LEFT), REPRESENTS THE PULLOVER TO THE 0% ZONE OF PRINCIPAL FIBO STRUCTURE. IT REJECTS 38.2% WHICH COINCIDES WITH 0% OF FIRST FIBO, AND THE BROKEN ZONE. TP IS LOCATED AT -27% OF SECONDARY FIBO,...

The_GOWS

MAIN FIBO (FURTHER TO THE RIGHT) IS REJECTS ON 61.8%, AFTER BREAKING BEARISH TREND (BREAK, PULLBACK), AND TURNING INTO BULLISH TREND . SECONDARY FIBO (CLOSER TO THE LEFT) STRUCTURE REJECTS ON 61.8% AS WELL. MAIN TRADE IS TAKEN FROM 61.8 UNTIL -27% ON MAIN FIBO. AFTER PRICE BREAKS SECONDARY FIBO 0%, REACHES -27% AND PULLSBACK CON 0%, SECOND TRADE IS COMING INTO...

The_GOWS

We can appreciate a bullish structure, where our main fibo structure is perfectly met, creating a bullish pin bar on level 23%. Our minor fibo structure is also met, respecting level 61.8%, which coincides with level 23% of the main structure. GBPUSD has entered consolidation, but forming an inverted SHS being the right shoulder on level 38.2%. We enter the trade...