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itsjustanalysis
May 20, 2019 3:17 PM

GBPUSD Long Idea, Gann Based Long

GBP/USDOANDA

Description

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.

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.
Comments
Foreign_Teej
Here’s my TA for GBPUSD
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