Strong bullish divergence in GBPUSD opening for recovery to 1.46
Playbook into the spring equinox in the 3rd week of march.
In my GBPUSD scenario, I see a small drop from recent upward momentum as the perfect
opportunity to enter LONG as a strong divergence and RSI on its path into 50+ can drive
the pair up towards april 2015 monthly low around 1.46.
On its way I see 1.43 (downtrendline from december 2015 monthly lower high),
1.44 (downtrendline from february 2015 high) and 1.46, coinciding with the 100days MA coming sharply down, as the main resistance levels.
This playbook should manifest into the 3rd week of march and then need further equasion with a keen eye on
the USD environment in general. We might then see renewed strength in the USD DIY around the spring equinox.
Good luck and always follow your own plan.
Make your own analysis and set your individual levels.
Cheers,
Sinatra FX
twitter.com/Sinatra_FX
Playbook into the spring equinox in the 3rd week of march.
In my GBPUSD scenario, I see a small drop from recent upward momentum as the perfect
opportunity to enter LONG as a strong divergence and RSI on its path into 50+ can drive
the pair up towards april 2015 monthly low around 1.46.
On its way I see 1.43 (downtrendline from december 2015 monthly lower high),
1.44 (downtrendline from february 2015 high) and 1.46, coinciding with the 100days MA coming sharply down, as the main resistance levels.
This playbook should manifest into the 3rd week of march and then need further equasion with a keen eye on
the USD environment in general. We might then see renewed strength in the USD DIY around the spring equinox.
Good luck and always follow your own plan.
Make your own analysis and set your individual levels.
Cheers,
Sinatra FX
twitter.com/Sinatra_FX