Singkat

# GBPUSD SHORT ENTRY LEVELS, EURO SESSION ONLY

FX:GBPUSD   Pound British/Dolar U.S.
Dilihat 47 kali
47
22.2% bearish , considering multi timeframe price action factors

Estimated price fluctuation at time of report (+1Hr) 0.21%
Volume Put/Call ratio 0.37 Overbought
OI Put/Call ratio 0.82
Average Put/Call Ratio 0.59 Overbought

Next webirar (London time): 29/08/16 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 NR4; 1D WR4;
Learning material:
How to count option levels: http://marenno.com/index.php/counting-op...

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 1.31513
Option level R2 1.31443
Option level R1 1.31263
Option level S1 1.31133
Option level S2 1.31133
Option level S3 1.31003
Option level S4 1.30903

Session (current session only) levels:
r3 1.31542
r2 1.31447
r1 1.31353
p 1.31229
s1 1.31135
s2 1.31011
s3 1.30917