Harmonic Crab Variation + Bullish RSI Divergence - GU
Here I have GBP/USD on the 30 Min Chart!
Price has found Support from the July Highs!
Upon reaching the Low @ 1.30493 I notice a couple things:
-Price is moving Lower, RSI is moving Higher = Bullish RSI Divergence
-Price has created what looks to be a variation of the Harmonic Crab Pattern (not exact values)
Harmonic Crab XACBD Values:
X-B ( .382 - .618 )
A-C ( .382 - .886 )
B-D ( 2.618 - 3.618 )
X-D 1.618
We continue to see price move higher and I believe we will see Higher Highs up to the 1.3130 - 1.3140 Area!
Fundamentals:
GBP has been positive in the analyst eyes this week with the Claimont Count Change with impressive numbers and Unemployment down from 4.2% to 4.1%!
-GBP will have GDP releasing Wednesday Sept. 11th with forecasts to be Positive!
USD not only has Rate Cuts starting next week but this week is heavily loaded with CPI & Core CPI Wednesday along with PPI, Core PPI & Unemployement Claims Thursday Sept. 12th!
Price has found Support from the July Highs!
Upon reaching the Low @ 1.30493 I notice a couple things:
-Price is moving Lower, RSI is moving Higher = Bullish RSI Divergence
-Price has created what looks to be a variation of the Harmonic Crab Pattern (not exact values)
Harmonic Crab XACBD Values:
X-B ( .382 - .618 )
A-C ( .382 - .886 )
B-D ( 2.618 - 3.618 )
X-D 1.618
We continue to see price move higher and I believe we will see Higher Highs up to the 1.3130 - 1.3140 Area!
Fundamentals:
GBP has been positive in the analyst eyes this week with the Claimont Count Change with impressive numbers and Unemployment down from 4.2% to 4.1%!
-GBP will have GDP releasing Wednesday Sept. 11th with forecasts to be Positive!
USD not only has Rate Cuts starting next week but this week is heavily loaded with CPI & Core CPI Wednesday along with PPI, Core PPI & Unemployement Claims Thursday Sept. 12th!
Nota
Here we can see the DXY has also made a Divergence with RSI but of the Bearish version!
Dagangan aktif
Price dropped down and retraced to the Golden Fib Zone and already has been rejected back out!
Buy Entry @ 1.3070
SL @ 1.3050
Dagangan ditutup secara manual
Closed trade on inability to break Swing High!
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"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.