Strong bullish divergence in GBPUSD opening for recovery to 1.46

FX:GBPUSD   British Pound / U.S. Dollar
Strong bullish divergence in GBPUSD             opening for recovery to 1.46

Playbook into the spring equinox in the 3rd week of march.

In my GBPUSD             scenario, I see a small drop from recent upward momentum as the perfect
opportunity to enter LONG as a strong divergence and RSI on its path into 50+ can drive
the pair up towards april 2015 monthly low around 1.46.

On its way I see 1.43 (downtrendline from december 2015 monthly lower high),
1.44 (downtrendline from february 2015 high) and 1.46, coinciding with the 100days MA coming sharply down, as the main resistance levels.

This playbook should manifest into the 3rd week of march and then need further equasion with a keen eye on
the USD environment in general. We might then see renewed strength in the USD DIY around the spring equinox.

Good luck and always follow your own plan.
Make your own analysis and set your individual levels.

Sinatra FX
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out