Week 39 – My scenarios

Week 39 – My scenarios


After sharing with you guys last week, what I would be looking at on the EURUSD             , sharing the scenarios I will be looking at this week on GBPUSD             .

After a very interesting looking weekly candle on this pair, I have an overall bearish biais that already started benefiting me last friday with a 2 targets winner (+215 pips & total 5,83 Risk to Reward ratio).

There are a few levels of support and resistance level I will keep an eye where I will look for entries, with an extra closer look to the most recent resistance level which got broken last week and price approuched it after last friday’s selloff on the GBP.

At the level I will be looking either for a rebound and will look to buy for a continuation to the upside; or for selling opportunities if price happens to break back below that level.

Will post an update and a review at the end of the week with how trading went on this pair.

Wishing guys a great week in the markets. Plan YOUR trade and trade YOUR plan!

DVN has completed its decreasing movement…

DVN has completed its decreasing movement…


In the previous analysis, we assumed the formation of a new decreasing wave structure, but the structure of the ATR axis of recent days has not confirmed this. Therefore, we strongly assume that it has reached the bottom of the exchange rate. You can now build a rising wave structure. The size and structure of which is a double fractal structure. The figure shows a good visible fractal , as well as the fractal structure of the double fracture. Which peak points or valley levels can be given by the ATR axis or its parallel axes. If the place of the theory of exchange rate rise is 55 usd level environment. The current level is a 35% rise in yield.