Timing is key
Short

GBPUSD - Good Symmetry on the 240 Minute Chart

FX:GBPUSD   British Pound/U.S. Dollar
331 3 2
Hello all,

I pulled up a full retracement on the previous range and noticed the market was respecting the big 50% and then pulled up nicely on the horizontal 25% ( Also 50% of last range down ) level as well. I then drew a nice downward fork to see if I can predict the next move to the Median Line and as you can see I have a test of the upper parallel and possible low risk entry.

You will also notice I have had nice turns on my predetermined vertical timing lines ( V1,V2 etc.) across the top from V1 to V4 so if V5 holds below the upper MLH and Hagopian line and reverses things look good for a short.

Always remember

Timing Is Key!

Related Ideas

pantera3k PRO
2 years ago
Kind of agreed. As I'm thinking 8:30am gmt the cable/buck will go down as stressed by news.
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Timing is key pantera3k
2 years ago
Let's see if the news lines up with the chart!

I have attached an updated chart which shows additional symmetry, I have changed the fork to a Modified Schiff which lines up perfectly with the hagopian line, this may indicate the turn to come in on purple vertical V6 instead, either way it's lining up for a short! Let's see

TIK

snapshot
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Timing is key Timing is key
2 years ago
WoW!

Talk about a breach of the hagopian line & an explosive inversion at V5. Pitty, this one went to the keeper. What we can learn from however is that these timing lines at times can invert and when they do the move is quite dramatic. I will re-adjust my fork if this turns out to be a high

PS: No short entry was activated

TIK
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