DislikedGBPUSD Week 41 5 to 9 Oct: GU still bearish as seen in the MN chart.Ignored
On W1 we see an indefinite market, which will be resolved this week.
In D1 we see that the size of the bearish candle decreased lower shadows become shorter, and the upper longer. Candle base configuration with dual enhanced divergence, and a white candle closed above the 1,516 level, which for a long time is the level of support. (Last 20 days the price is in the range 1.516-1.584, which increases the probability of upward price movement)
In H4, H1 and M15 price is testing the 1,516 level
Likely price will move up to the level of 1.53
Trading plan:
A - looking for input on the purchase on H4 H1 after departing from 1.516
B - if the price fixes below 1.504 are looking for input on sale for the purpose of 1.49-1.48.