GBPUSD SHORT ENTRY LEVELS, US SESSION + 1ST HOURS OF ASIAN
66.7% bearish, considering multi timeframe price action factors
Estimated price fluctuation at time of report (+1Hr) 0.24%
Volume Put/Call ratio 0.37 Overbought
OI Put/Call ratio 0.82
Average Put/Call Ratio 0.59 Overbought
Next webirar (London time): 30/08/16 10:00 youtube.com/c/marenno
How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.
1&2 period patterns:
1D Bearish Pattern
1W Bearish Pattern
Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.
We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
4H WR4; 1D WR4;
Learning material:
How to count option levels: marenno.com/index.ph...nting-option-levels/
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 1.31613
Option level R3 1.31393
Option level R2 1.31273
Option level R1 1.31263
Option level S1 1.30593
Option level S2 1.30593
Option level S3 1.30113
Option level S4 1.29813
Session (current session only) levels:
r3 1.31610
r2 1.31362
r1 1.31113
p 1.30857
s1 1.30608
s2 1.30352
s3 1.30103
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Estimated price fluctuation at time of report (+1Hr) 0.24%
Volume Put/Call ratio 0.37 Overbought
OI Put/Call ratio 0.82
Average Put/Call Ratio 0.59 Overbought
Next webirar (London time): 30/08/16 10:00 youtube.com/c/marenno
How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.
1&2 period patterns:
1D Bearish Pattern
1W Bearish Pattern
Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.
We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
4H WR4; 1D WR4;
Learning material:
How to count option levels: marenno.com/index.ph...nting-option-levels/
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 1.31613
Option level R3 1.31393
Option level R2 1.31273
Option level R1 1.31263
Option level S1 1.30593
Option level S2 1.30593
Option level S3 1.30113
Option level S4 1.29813
Session (current session only) levels:
r3 1.31610
r2 1.31362
r1 1.31113
p 1.30857
s1 1.30608
s2 1.30352
s3 1.30103
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
