Marenno
Short

GBPUSD SHORT ENTRY LEVELS, EURO SESSION ONLY

FX:GBPUSD   British Pound/U.S. Dollar
40.0% bearish , considering multi timeframe price action factors

Estimated price fluctuation at time of report (+1Hr) 0.41%
Volume Put/Call ratio 0.87
OI Put/Call ratio 0.84
Average Put/Call Ratio 0.86









How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.



Currently there are no clear patterns on a chart (it doesn't mean that there are no level limit entries and places for stop entries)

NR (Narrow range), WR (Wide range) :
1H WR4; 1H WR7; 4H NR4; 4H NR7;



















Volume and open interest levels:
Option level R4 1.31112
Option level R3 1.30712
Option level R2 1.30582
Option level R1 1.30232
Option level S1 1.29652
Option level S2 1.29652
Option level S3 1.29142
Option level S4 1.28822

Session (current session only) levels:
r3 1.30986
r2 1.30703
r1 1.30419
p 1.29976
s1 1.29692
s2 1.29249
s3 1.28965

I really hope that sharing of my routine with you, will help you in your trading.







A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
youtube channel:
youtube.com/c/marenno

Using:
http://marenno.com/index.php/how-to-use-volume-and-open-interest-option-levels/

Counting:
http://marenno.com/index.php/counting-option-levels/

Banned: https://www.facebook.com/marennoacademy/
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