{"id":111610,"date":"2017-08-24T07:26:31","date_gmt":"2017-08-24T11:26:31","guid":{"rendered":"http:\/\/countingpips.com\/?p=111610"},"modified":"2017-09-07T09:53:23","modified_gmt":"2017-09-07T13:53:23","slug":"gbpusd-weekly-l3-and-d-h4-confluence-in-downtrend","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/gbpusd-weekly-l3-and-d-h4-confluence-in-downtrend\/","title":{"rendered":"GBP\/USD Weekly L3 and D H4 Confluence In Downtrend"},"content":{"rendered":"
August 24, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

\n<\/a>\n<\/p>\n

\nThe GBP\/USD broke below 1.2020, the weekly L3 level, thus turning the support into a resistance. After a short breakout that I showed on live trading webinar<\/a> yesterday, the pair started to retrace towards the POC zone 1.2830-50 (Order block, ATR high, trend line, D H5, EMA89). The price could reject there towards the 1.2880 and 1.2770. Only a break below 1.2768 could spur additional weakness in the pair towards 1.2740 zone.\n<\/p>\n

\nRenewed bulls strength in the pair should manifest on a 4h candle close above 1.2855. That could be a sign for a further correction towards 1.2925.\n<\/p>\n

\nFollow @TarantulaFX<\/a> on twitter for latest market updates\n<\/p>\n

\nConnect with Nenad Kerkez T<\/a> on Facebook for latest market updates.\n<\/p>\n

\nW L3 – Weekly Camarilla Pivot (Weekly Interim Support)\n<\/p>

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Free Reports:<\/p><\/div>\r\n

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\nW H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)\n<\/p>\n

\nW H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)\n<\/p>\n

\nD H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)\n<\/p>\n

\nD L3 \u2013 Daily Camarilla Pivot (Daily Support)\n<\/p>\n

\nD L4 \u2013 Daily H4 Camarilla (Very Strong Daily Support)\n<\/p>\n

\nPOC – Point Of Confluence (The zone where we expect price to react aka entry zone)\n<\/p>\n

\n\"Free<\/a><\/a>\n<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: GBP\/USD Weekly L3 and D H4 Confluence In Downtrend<\/a><\/p>\n

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets The GBP\/USD broke below 1.2020, the weekly L3 level, thus turning the support into a resistance. After a short breakout that I showed on live trading webinar yesterday, the pair started to retrace towards the POC zone 1.2830-50 (Order block, ATR high, trend line, D H5, EMA89). The price could reject there […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-111610","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=111610"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111610\/revisions"}],"predecessor-version":[{"id":112402,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111610\/revisions\/112402"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=111610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=111610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=111610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}