Panjang

GBPUSD LONG ENTRY LEVELS, US SESSION + 1ST HOURS OF ASIAN

FX:GBPUSD   Pound British/Dolar U.S.
Dilihat 65 kali
65
22.2% bullish , considering multi timeframe price action factors

Volume Put/Call ratio 0.90
OI Put/Call ratio 0.81
Average Put/Call Ratio 0.85

Next webirar (London time): 22/08/16 20:00 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 bullish 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:
1H NR4; 1H NR7;
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 1.32979
Option level R3 1.32329
Option level R2 1.32049
Option level R1 1.31169
Option level S1 1.30639
Option level S2 1.30639
Option level S3 1.29879
Option level S4 1.29399

Session (current session only) levels:
r3 1.32708
r2 1.32246
r1 1.31783
p 1.31108
s1 1.30645
s2 1.29970
s3 1.29507