GBPUSD Bullish Gann Cycle to begin
- 120 Gann Cycle of the Inner Year. From the swing low on December 12th, 2018 to the open of April 19th, 2019 is 128 days. Gann wrote that the 120 day cycle should be watched as a low/high countertrend, especially if a high/low was found at 90-days. There was a high found in the 90-day cycle, so this 120-day cycle low is in.
- Gann Date of
- Full Moon on April 19th, 2019. GBPUSD is extremely sensitive to Full Moons at swing lows. In fact. Moon was perigee on the 17th.
- While the trend looks bearish in the short-run, there is some hidden bullishness here not seen on any other charts. The current Gann arc has acted as major support for the GBPUSD pair ever since it cross above it back on April 1st.
- 2/8th inner harmonic pivot at 1.29967 is a major support zone and should generate violent price reversals.
The most important thing to note here is the convergence of the Gann 120-day cycle, Moon perigee and the Full Moon. That time cycle alone would generate a powerful move. But when it occurs against key geometric and harmonic price levels, the move is exacerbated. Expect some powerful swings next week.
This trade continues where my March 13th, trade idea left off. Shorts covered today from that bear move, converted long.
- Gann Date of
- Full Moon on April 19th, 2019. GBPUSD is extremely sensitive to Full Moons at swing lows. In fact. Moon was perigee on the 17th.
- While the trend looks bearish in the short-run, there is some hidden bullishness here not seen on any other charts. The current Gann arc has acted as major support for the GBPUSD pair ever since it cross above it back on April 1st.
- 2/8th inner harmonic pivot at 1.29967 is a major support zone and should generate violent price reversals.
The most important thing to note here is the convergence of the Gann 120-day cycle, Moon perigee and the Full Moon. That time cycle alone would generate a powerful move. But when it occurs against key geometric and harmonic price levels, the move is exacerbated. Expect some powerful swings next week.
This trade continues where my March 13th, trade idea left off. Shorts covered today from that bear move, converted long.
Сделка закрыта: достигнута тейк-профит цена:
Took profit at the inner Fib arc @ 1.3146. Will add again for the next Motive Wave after the first Corrective Wave.
