British Pound / U.S. Dollar
Short
Updated

GBPUSD Short, target 1.3536, Gann and Gartly

676
Top of a down channel (bullish flag), CMI is showing overbought conditions.

Staunch resistance above the 1.3962 zone. Weak uptrend with low volume on Friday afternoon and in the 2 days prior.

New Moon begins on the 17th, GBPUSD has bene in an uptrend and should experience some hard down pressure during the week cycle. We are also within the 42-49 day Gann cycle indicating a probability of down pressure. Daily failed to make higher high. This indicates that pivot in time on the 14th is valid and would add support to the down move.

Gartley finishes in target zone.

1st target area is 1.375.
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Also, there was a perfect square of time and price on March 14th, price failed to rally to that zone. A violent move should be expected.
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Also projecting lower with a Bearish Bat
snapshot
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Shorts added to positions with the failed rise and hold.
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2 lots short @ 1.4137
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2 lots added to short @ 1.4181
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4 lots added short @ 1.4221
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Gann Sq of 9 90-degree price level of 1.426 was again rejected.
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Head and shoulders forming,
snapshot
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Bullish Gartley, target below towards 1.3524

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Trade active
Added 3 lots short @ 1.4143 @ 0800 this morning.
Trade active
short 5 lots @ 1.4195 @ 525 CST
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Bearish Shark
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10 lot short @ 1.4295 @ 0521 CST

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