GBP/USD view 4-8May2015

by mooncraft
Started with weekly chart, the last Cs showing rejection over resistant area, which means give us overall clue this week market will go bearish


by mooncraft
On daily chart also showed strong evidence of bearish market will resume started on tomorrow, mother candle a.k.a moburuzu will give us strong reason to go short, however wait for retracement at near resistant before we go short. Some probability the price will find nearest resistant  as shown in diagram.


by mooncraft
As we can see at H4 chart... double top already happened last week, give us a strong clue that bullish market already end. Market strongly go bearish last Friday.we will wait market to retraces at near possible resistant before we decide to go short. Wait for CRS to form at the level of resistant and go for short.

by mooncraft
Same goes with H1 chart. Its strongly suggests that bearish dominated the market. we will wait for retracement complete and reversal confirmation happened, then we go short.
TRUST!!!

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