GBPUSD Long Idea, Gann Based
Long trade idea based on the following:
48 trading days lower, within the Gann ‘Death Zone’ cycle of 49 trading days.
Full Moon
4/8th time pivot in the Law of Vibration cycle.
Price support against the Gann Square of 9 angle at 1.2710, a shared value area wit the 1/8th major harmonic just below at 1.2682.
Mirrored Foldback pattern indicating a fast and swift resumption higher.
Historical lows in the Composite Index.
Shared oversold structure in the RSI and Composite Index.
48 trading days lower, within the Gann ‘Death Zone’ cycle of 49 trading days.
Full Moon
4/8th time pivot in the Law of Vibration cycle.
Price support against the Gann Square of 9 angle at 1.2710, a shared value area wit the 1/8th major harmonic just below at 1.2682.
Mirrored Foldback pattern indicating a fast and swift resumption higher.
Historical lows in the Composite Index.
Shared oversold structure in the RSI and Composite Index.
Trade active:
Added 2 Lots at 1.2657
Trade active:
Added 2 more at 1.2602
Trade active:
added 5 at 1.2614
Trade active:
Still active - prepping for bounce.
Trade active:
Still holding and active - it's July 3rd, an important Gann date where moves culminate and trends terminate between July 3rd and July 7th.
Trade active:
added 2 lots at 1.2444
Trade active:
Sold 1/2 of the positions today, will sell another quarter at 1.3298
Trade closed: target reached:
Closed 1/4 at 1.3298, remainder of the position sold 1.3490. All profit. Good year for the Pound trade.