Short

# GBPUSD SHORT ENTRY LEVELS, EURO SESSION ONLY

FX:GBPUSD   British Pound / U.S. Dollar
45 0
More chances for a bearish continuation, what is confirmed by a recent multi time frame price action research, and important level zones

NEXT WEBINAR (LONDON TIME): 25/07/16 10:00 https://www.youtube.com/watch?v=60U-GJfdIQw

How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.
Reviewing the most recent PA 1&2 period patterns we have:

1D Bearish Pattern
1W Bearish Pattern

Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.

We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
1H NR4
1H NR7
4H NR4
4H NR7
1D WR4
1W NR4
1W NR7
1M WR4
1M WR7
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 1.31850
Option level R3 1.31710
Option level R2 1.31580
Option level R1 1.31310
Option level S1 1.31000
Option level S2 1.31000
Option level S3 1.30960
Option level S4 1.30800

Session (current session only) levels:
r3 1.31736
r2 1.31605
r1 1.31475
p 1.31286
s1 1.31156
s2 1.30967
s3 1.30837

Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.

Sincerely
Arturs Jermolickis
arthur@marenno.com
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter