An interesting pattern has been formed by GBPUSD for H1_short term forecast. We have herewith a symmetry triangle and some projected in both directions, in which they are confirmed with the price action up to now.
According to our chart analysis some scenarios for GBPUSD till 3/04/2015 can be occurred as following,whereat cable will run according to the under the condition that point B will be reached in the next 4 hours, then a scenario will be occurred to reach the level of point C; in this light we would like to say that in the next 4 hours the markets will prepare for a worst data release from England but in case the data would be better than expected and lately in the US session (ADP Non-Farm Employment Change) releasing data are not really impressive , then from point C the price action will be pulled up to reach the level of D point. At point D it is also the time to prepare for NFP on Friday, so we can sell at that point D again and take firstname.lastname@example.org..
1.1) t/p@ around C
2.2) t/p@ around D
3.1) t/p@ around 1.48667
Stop lose for all positions at the last highs/lows of the peak and bottom (very tight s/l)
All postions can be opened, if the price actions are confirmed with the depicted details.
Read our blogs at:
Read our ebooks for free at: