Timing is key

GBPUSD - Good Symmetry Update 2

FX:GBPUSD   British Pound/U.S. Dollar
269 3 0
Hello all,

This is a continuation of the linked chart below. In anticipation of a reversal I have 2 forks that tell the story.
1. The yellow fork: If P2 confirms ( Therefore fails to reach median line ) I can expect strong selling pressure past P1
2. The purple modified schiff fork: If the above scenario plays out the next logical target is the lower MLH ( Median Line Parallel). The market may pull up around the intersection of the purple ML & yellow lower MLH however the dotted arrows is what I am anticipating should P2 confirm.

If the probable P2 is taken out, this scenario is toast!


Hello all,

A nice retest of the Upper MLH on my timing line V6 ( +1 bar) and then the push down towards the lower MLH. I will watch closely at timing line V7 for a minor top or bottom. Either way the bias is short provided P2 stays intact.


Timing is key Timing is key
As predicted,

The market is heading south nicely with a predicted turn at V7 ( Vertical Line 7 ). I always look for vertical, horizontal and/or angular support and in this case 2 are missing. it also against the newly formed bearish trend so I will watch and wait around V8 (Vertical line 8) for an entry.

PS: The market is heading towards both the lower yellow parrallel and the purple ML, now if it zooms through those lines, we have a high probability of it reaching 1.66639 near V10 or V11

Always remember.....

Timing Is Key
Hello all,

The power of a PRICE FAILURE ( ie: failing to reach the median line) is beautifully illustrated above. If you hit the PLAY button you will notice that my initial predictions both on the chart and the 2 points above have played out perfectly. I am anticipating the market reaching the (Purple) lower parallel soon.


Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out