captainquenta
Short

GBPUSD Short, target 1.3536, Gann and Gartly

OANDA:GBPUSD   British Pound / U.S. Dollar
Top of a down channel ( bullish flag ), CMI is showing overbought conditions.

Staunch resistance above the 1.3962 zone. Weak uptrend with low volume on Friday afternoon and in the 2 days prior.

New Moon begins on the 17th, GBPUSD has bene in an uptrend and should experience some hard down pressure during the week cycle. We are also within the 42-49 day Gann cycle indicating a probability of down pressure. Daily failed to make higher high. This indicates that pivot in time on the 14th is valid and would add support to the down move.

Gartley finishes in target zone.

1st target area is 1.375.
Mar 16
Comment: Also, there was a perfect square of time and price on March 14th, price failed to rally to that zone. A violent move should be expected.
Mar 18
Comment: Also projecting lower with a Bearish Bat
Mar 20
Comment: Shorts added to positions with the failed rise and hold.
Mar 21
Comment: 2 lots short @ 1.4137
Mar 22
Comment: 2 lots added to short @ 1.4181
Mar 26
Comment: 4 lots added short @ 1.4221
Mar 27
Comment: Gann Sq of 9 90-degree price level of 1.426 was again rejected.
Mar 28
Comment: Head and shoulders forming,
Mar 28
Comment: Bullish Gartley, target below towards 1.3524

Apr 09
Trade active: Added 3 lots short @ 1.4143 @ 0800 this morning.
Apr 11
Trade active: short 5 lots @ 1.4195 @ 525 CST
Apr 12
Comment: Bearish Shark
Apr 13
Comment: 10 lot short @ 1.4295 @ 0521 CST
Thank you. Your predictions are like magic captain!
Reply
It’s getting to far to reach 1.35xx. At what time frame your analysis dear ?
Reply
captainquenta FM-Alkatheeri
@FM-Alkatheeri, Time frame here doesn't especially matter, the day counts and Gann cycles have been leading while GBPUSD has been lagging, the further extended conditions of this move yield some of the greatest profit in a traders career, but you have to have the stomach for suffering -300+ pip drawdowns and then have the stomach to add every 50 pips or so. It's not a matter of 'was I wrong' it's a matter of 'Well, I got in when I should have have, now I just get better entries and I wait.'
Reply
FM-Alkatheeri captainquenta
@captainquenta, thank you dear for your reply and totally agree with you. I’m shorting since 1 month. Gbp/usd is not easy form at all. What ever candel setup it always surprise me in a way going in different what we analyze. Once again I’m with you shoring and hope we meet on 1.35xx. Regards
Reply
10 lots short @ 1.4295 @ 0521 CST
Reply
Thank you. added short. 1.4120.will sit and wait now
Reply
Short. 1.4147
Reply
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