FX:GBPUSD   British Pound / U.S. Dollar
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- Daily Heikin-Ashi candle had lower low, but if GBPUSD             closes above 1,4200 then the candle body will be inside prev day's body. haDelta also failed to make a lower low and turned back above its SMA3.
- 4H we had an extreme lower low forced to lower bound of bearish trend channel, but haDelta did not confirm it with a new low! (positive divergence at oversold level). In result, latest candle is a long wicked doji , which shows a possible strong short term reversal ahead.
- If Bears do not push it lower in the close our tomorrow, then finally we could have the long waited reversal.

I know I've been saying since 1,44+ "oversold", but it really is. The more oversold a mkt becomes, the more agressive the bear market rally can be. A quick spike to 1,4350 is not a big issue, but above that level pull back could extend even to 1,46.
I am still not long outright, just holding March and April 1,4750 Long Calls. These were open as Call spreads, but I bought back the short call legs, as those have lost most of their premium already. This way my long delta risk is increased.

p.s.: as you read my previous post, I have to note one more thing. It looked like a possible drop in bearish momentum with indicators showing positive divergences, but in fact it has dropped a lot lower, became more beaish and oversold. Market can stay "irrational", or oversold longer than you expect. In fact market is always rational, no one should question the price. Conclusion: end of day matters only! As my good friend just told me today: all the rest that happens intraday is just a noise. Try not to see things on the chart, which are not there as firm! And obviously always measure your risk/reward in time, and allocate risk properly!
Bottomed as expected. Let's see how high risk on will drive it. Obviously it is unlikely to break 4H trend channel for first run, but if no lower low later, then it can go higher above 1,4400 on second wave. Maybe to 1,46
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