GeniusTT_FX

GeniusTT_FX

Hello traders. Based on the overall market structure, GBPUSD has reached a hidden area of supply order block on 30 minutes timeframe at point 1.39100. GBPUSD tested the area of supply order block on 30minutes timeframe at point 1.39120 and got rejected by strong selling pressure, however GBPUSD is currently creating a head and shoulder pattern which is a sign of...

GeniusTT_FX

Hello, traders. This is a higher timeframe market analysis. The market respected the Daily Order block at point 1.35800 and rejected it to the upside. The market then dropped to test the first leg impulse at point 1.36000, and creating a strong double bottom. From a technical analysis, the market has created an advanced inverse head and shoulder pattern. The...

GeniusTT_FX

Hello traders, Based on the overall market structure, GBPUSD is trapped between the trough at point 1.36200 and the peak at point 1.38900. This week structure got rejected at the expansion level at 1.37280 and it went to test the peak for the second time at point 1.38800 and got rejected by strong selling pressure. The market is in a selling pressure to test...

GeniusTT_FX

Hello trades. Based on higher timeframe structure, the market is currently testing daily resistance which was broken impulsively at 1.38900. There's a high probability that the 4hour structure will shift from a bearish to a bullish structure around 1.38900 in a W formation. However, 4hour bullish structure shift will be for short to meet the area of supply which...