Hi, Hope everyone had a good xmas.
@ y/day's 3499 hi price has tested bottom of the prev dly/4hr sw hi zone to 3513 = prev res = pot res, - confluence with a couple of fibs which are 50% 3834-3161 & 76.4% 3607-3161, (see dly below.) This prev sw hi @ 3513 is in the prev wkly/very minor mthly sw lo zone = prev supp = pot sbr that began @ 3411 and on the wkly extends up to circa 3535.
There is presently a repeating pattern of bearish hidden div on the dly t/f oscillators which will probably be valid so long as price stays below 3513. This said y/day's dly candle close was very bullish, and so far the wkly candle is looking bullish too, but of course a candle isn't a candle until it is closed and there are 2 days left until that happens on that dly t/f. Meantime, 1hr and 4hr are in uptrends, and on dly we have had a HL and what will be a 2nd HH when it forms @ y/day's hi, or higher, (which isn't the most 'optimum' position for bearish hidden div to be, but it does at least coincide with what might turn out to be a LH on the wkly should a sustained sell-off occur from below 3513, a la Georginson's view.) The last LH in the wkly downtrend is @ 3834.
Wkly, Dly and another Dly below.
@ y/day's 3499 hi price has tested bottom of the prev dly/4hr sw hi zone to 3513 = prev res = pot res, - confluence with a couple of fibs which are 50% 3834-3161 & 76.4% 3607-3161, (see dly below.) This prev sw hi @ 3513 is in the prev wkly/very minor mthly sw lo zone = prev supp = pot sbr that began @ 3411 and on the wkly extends up to circa 3535.
There is presently a repeating pattern of bearish hidden div on the dly t/f oscillators which will probably be valid so long as price stays below 3513. This said y/day's dly candle close was very bullish, and so far the wkly candle is looking bullish too, but of course a candle isn't a candle until it is closed and there are 2 days left until that happens on that dly t/f. Meantime, 1hr and 4hr are in uptrends, and on dly we have had a HL and what will be a 2nd HH when it forms @ y/day's hi, or higher, (which isn't the most 'optimum' position for bearish hidden div to be, but it does at least coincide with what might turn out to be a LH on the wkly should a sustained sell-off occur from below 3513, a la Georginson's view.) The last LH in the wkly downtrend is @ 3834.
Wkly, Dly and another Dly below.
Attached Image(s) (click to enlarge)
Trader with an Edge.
2
My view for GBPUSD and possible scenario. D1 chart Short term target 1.3320 - 1.3340 confluence point 1 (fib.ret. 0.238 level/lower channel) very achievable next week. Thanks to the "falling wedge" pattern which should be a catalyst to take price back into the channel and target area. 1.3420 (fib ret. 0382) level also achievable. 
"Falling wedge" pattern target 1.3495/resistance level coincides with the Fib. ret. (0.50) level. Strong confluence2 point! as DXY seems overbought at the moment....
Let's see some experiment for baby snakes
