WEEKLY
DAILY
4 HOURLY
Our Technical analysis are based on Cloundra Propriety system, which has proven 85% accuracy in providing the next market movement. Readers need to learn Cloundra Trading System for them to understand this technical analysis.
Weekly: The Dollar is losing momentum slowly against the sterling. In the weekly time frame, we can expect PC-2 trade, however; more price action is needed to confirm. The market has moved up in three waves sequence, so the next move should be a 5 wave sequence in the direction of the trend or Wave B of the current correction in the direction of the major trend. In either case, the expectation is a downward move.
Daily: The Market cycle on the Daily Timeframe confirms our assessment of the weekly. Breakout of RED Trendline requires a lower COD. The current move also confirms the end of the three-wave moves of the Wave 4.
H4: RED Trendlines breaks and COD is already achieved. However, we can expect CX trade setup soon. The market is already hyperextended in H4, so a minor pullback is due.
Next trade setup: We are waiting for H4 pullback for our Short entry on this market, this should give us the expected COD on the Daily Timeframe.