Timing is key

GBP/USD Daily forcast using Andrews principals

FX:GBPUSD   British Pound/U.S. Dollar
713 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
20m chart currently has confluence at the median
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 )

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.
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


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


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