Thread: Dilernia model: GBP/USD

Hello, my name is Dilernia, I am a trader based in Sydney. I analyze global markets using various time frames, identify trends and then expect the pattern of greater probability during the trading week (I am not interested in day trading

The pattern of Friday, with a shift from the minimum to the 50% level of the last 5 days, is a pattern that is usually seen within the weekly time frame. The 50% level of 5 days serves as a trend guide for the weekly time frame: they are 5 trading days. This level defines the direction of the weekly closing... A shorter weekly closing will normally try to rotate up the following week back to that same level before deciding the direction of the trend... The current trend is bassist and the likely path is to continue to lower levels... I will try to warn with the next operation, I hope not to be banated again!

I have restarted this thread under GBP/USD analysis in larger time frames in the forum forex discussion...

Since my last post, EUR has continued to fall as part of the stagnant two-day reversal, and with the breaking of the minima in 1.4685. Goal 1.4625, 50% weekly level: it is high risk to operate in lengths below the break-up area on Monday...

The pound sterling falls to its lowest level since 1985 18 March 2020, 18:47 By Caitlin Ostroff The pound sterling fell to its lowest level against the dollar in 35 years, reflecting the single exposure of the UK economy to the United Kingdom�s economy has been a single exposure to the United Kingdom�s economy, it�s measured to the global economy by the coron virus pandemic. The pound sterling fell to its lowest level against the dollar in 35 years, reflecting the single exposure of the United Kingdom�s economy this year, according to FactSet. This move leads to the pound to its lowest level since March 1985. Later that year, the wealthiest nations signed the Plaza Agreement, which weakened the dollar, strengthened other currencies and pulled the US out of a recession. The pound is being dragged in a general flight towards the dollar that affects all the major world currencies. The dollar has been strengthened against the yen, the Swiss franc and the euro in recent days. But the rapid fall of what remains one of the world�s reserve currencies, held by the central banks, is accelerated by the fear that the freezing of the world�s major world�s currencies, the economy, and the constant the constant the financial currency, the constants, the economy is the constants, the economy, the economy is the constanting it�s, the economy�s it�s, the economy�s, the economy�s, the economy�s the economy�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s it�s

The fall of the pound is just the beginning, buddy. The market smells scary and right now the UK is smelling panic.

Don't fool yourself with small climbs, the road is still downhill as long as we don't regain key levels.

Does anyone see any reliable support below or is the pound in free fall?

The next serious support I see is about 1.10, but with this volatility, it can pierce like butter.

Don't underestimate the ability of the Bank of England to intervene.