Timing is key
Short

GBP/USD Daily forcast using Andrews principals

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
715 6 0
Part 2

Continuing with the downward bias we can see an Expanding Pivot ( Or Wedge ) forming around a probable P5 area. This gives us a good clue that we are changing trend to the downside. We have also broken an Up Trend Line and a proven horizontal support & resistance line.

I have set some early downward targets & a time pressure vertical line on a shorter term view, however I feel the market should make a push to the Major ML (Yellow area) over the next few weeks.

Lets see what happens
Hello all,

As predicted the market made a nice move up to the upper MLH for the 3rd time ( turning on my timing line ) and has now reacted nicely. It was just shy of the probable P5 High so that is telling me the short to the ML is still on the cards. I will be watching closely for the previous 2 swing lows to be taken out to confirm. lets see what unfolds

Sincerely

TIK
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LEONES PRO Timing is key
interesting, could be a double top in effect
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Hello all,

As can be seen the market has moved sideways away from the smaller pitchfork, however the market dropped into my timing line and reversed nicely. I am expecting a short term bullish measured move pushing the upper MLH. However from this upper level I will be watching for a reversal & a breakdown in prices toward the larger ML as previously forcasted. Let's watch and see

Sincerely,

TIK
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Hello melv,

Thanks for the reply, if you can publish a chart on your idea that will be great, I'm always keen to look at what other people are seeing especially with the fork's ( not many around as you probably already noticed )

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GC_ Timing is key
great chart btw, sound principles, very much a possibility which got me looking at a 20m for monday open. will publish.
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20m chart currently has confluence at the median
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