GBPUSD H4 Possible Sell Estimates
i'm long on GU, already TP a few positions when price closed the gap circa 1.2300
after plotting this ABCD pattern on H4,
plus a BC fib from H1, (BC on H4=XC on H1)
i could point out the selling zone starting from circa 1.2350 till 1.2450.
1.2350 = H1 BC 0.5, H4 BC 0.382 & 0.618 AB=CD
1.2375 = H1 BC 0.618, H4 0.44 & 0.786 AB=CD
1.2400 = H1 BC 0.786, H4 0.5 & 0.886 AB=CD
1.2450 = H1 BC 0.886, H4 0.618 & 1 AB=CD
to get a sharper picture, i'll be monitoring price and plotting patterns from H1.
let see how it goes today
after plotting this ABCD pattern on H4,
plus a BC fib from H1, (BC on H4=XC on H1)
i could point out the selling zone starting from circa 1.2350 till 1.2450.
1.2350 = H1 BC 0.5, H4 BC 0.382 & 0.618 AB=CD
1.2375 = H1 BC 0.618, H4 0.44 & 0.786 AB=CD
1.2400 = H1 BC 0.786, H4 0.5 & 0.886 AB=CD
1.2450 = H1 BC 0.886, H4 0.618 & 1 AB=CD
to get a sharper picture, i'll be monitoring price and plotting patterns from H1.
let see how it goes today
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