Latest Contributor Reports

Technical Analysis

GBP/USD Fibonacci Confluence at D3 Camarilla

Typography

The GBP/USD is making a continuation trade possible with the consolidation below the D H3 camarilla pivot with strong fibonacci confluence. Session Recap webinar presented more than 50 pips on the table with the GBP/USD setup. At this point the POC zone ( 50.0 fib, D H3, EMA89, ATR pivot) 1.3125-1.3145 could reject the price towards 1.3080. If the price breaks 1.3080, further bearish momentum could target 1.3050, 1.3020 and 1.2995. For this scenario to succeed the price needs to stay below 1.3180.

  • H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)
  • W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)
  • D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)
  • D L3 - Daily Camarilla Pivot (Daily Support)
  • D L4 - Daily H4 Camarilla (Very Strong Daily Support)
  • PPR - Progressive Polynomial Channel
  • POC - Point Of Confluence (The zone where we expect price to react aka entry zone)

Author: Admiral MarketsWebsite: http://www.admiralmarkets.com/
Admiral Markets
The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces. One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective. As the Wave Structure constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication. The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit 1from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions. In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan - on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.
More from the author