>> 3) GBP/USD - Weekly View - 06-09th of March - 4 Hours Chart in analogy with the 35 Pips Range Bars Chart.
Bearish Probability - Price is trending between 1.585-1.587 Levels (Key Confluence between Weekly Main Pivot, Monthly Pivot, 50 SMA and 38.2% fibonacci retracement, also confluence wtih the Secondary Uptrend Dynamic Support Line).
If the price will trun back bearish under 1.585 Level (Monthly Pivot) it will move down to 1.578 Level (Key confluence between 200 SMa and 61.8% Fibonacci retracement, and the confluence between the Donwtrend Line on higher time frames and Uptrend Line on the 4 Hours Chart). Further support is 1.575(Weekly S1 Pivot).
Bullish Probability - If the 1.587 Level (Key confluence between Weekly Main Pivot, 50 SMA and 38.2% Fibonacci Retracement) will be broken and confirmed, price will continue the uptrend further to reach 1.595(Weekly R1 Pivot) and 1.597(Dynamic resistence from Pitchfork on the Daily Chart).
We could se a bearish retracement from here, back to 1.587(Weekly Pivot, confluence with the Dynamic support from the Uptrend Line).
To Your success,
Doctortyby - Tiberiu
Bearish Probability - Price is trending between 1.585-1.587 Levels (Key Confluence between Weekly Main Pivot, Monthly Pivot, 50 SMA and 38.2% fibonacci retracement, also confluence wtih the Secondary Uptrend Dynamic Support Line).
If the price will trun back bearish under 1.585 Level (Monthly Pivot) it will move down to 1.578 Level (Key confluence between 200 SMa and 61.8% Fibonacci retracement, and the confluence between the Donwtrend Line on higher time frames and Uptrend Line on the 4 Hours Chart). Further support is 1.575(Weekly S1 Pivot).
Bullish Probability - If the 1.587 Level (Key confluence between Weekly Main Pivot, 50 SMA and 38.2% Fibonacci Retracement) will be broken and confirmed, price will continue the uptrend further to reach 1.595(Weekly R1 Pivot) and 1.597(Dynamic resistence from Pitchfork on the Daily Chart).
We could se a bearish retracement from here, back to 1.587(Weekly Pivot, confluence with the Dynamic support from the Uptrend Line).
To Your success,
Doctortyby - Tiberiu