I have reduced the silly indicators. Basically I am only using charts patterns now.
This also means that on the weekly we can see that it closed a doji star the previous week after a down trend. This is a very bullish signal.
Chances are high that the next weekly candle will close in the green.
A weekly candle rarely goes straight up or down during the 5 days it takes to close. So ideally we want to scan the lower time frames, specially the daily, to catch GbpUsd at a good price.
The daily time frame isnt completely ready yet since the candle on friday failed to close above the red candle opening price. If this had happened that we had a Bullish Engulfing patter on the daily.
I will keep an eye on the daily and 4 hour time frames for gbpusd to see when they also show a bullish signal and publish that idea. Weekly time frames are just to get a general view of the week ahead. This weekly idea will be updated next weekend so we can check the reliability of a doji star.
This also means that on the weekly we can see that it closed a doji star the previous week after a down trend. This is a very bullish signal.
Chances are high that the next weekly candle will close in the green.
A weekly candle rarely goes straight up or down during the 5 days it takes to close. So ideally we want to scan the lower time frames, specially the daily, to catch GbpUsd at a good price.
The daily time frame isnt completely ready yet since the candle on friday failed to close above the red candle opening price. If this had happened that we had a Bullish Engulfing patter on the daily.
I will keep an eye on the daily and 4 hour time frames for gbpusd to see when they also show a bullish signal and publish that idea. Weekly time frames are just to get a general view of the week ahead. This weekly idea will be updated next weekend so we can check the reliability of a doji star.
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