- Date of
- on April 19th, 2019. GBPUSD is extremely sensitive to Full Moons at swing lows. In fact. Moon was perigee on the 17th.
- While the trend looks in the short-run, there is some hidden bullishness here not seen on any other charts. The current arc has acted as major support for the GBPUSD pair ever since it cross above it back on April 1st.
- 2/8th inner at 1.29967 is a major and should generate violent price reversals.
The most important thing to note here is the convergence of the 120-day cycle, Moon perigee and the . That time cycle alone would generate a powerful move. But when it occurs against key geometric and price levels, the move is exacerbated. Expect some powerful swings next week.
This trade continues where my March 13th, trade idea left off. Shorts covered today from that bear move, converted long.