FX.co ★ kavon.collins | Game of Life: Visionary Insights into the Forex Market!

Pair GBPUSD D1: 1 - Buyers of the Pound managed to end the day in their favor yesterday, and today they are actively pushing the price upwards. Let's see how high they can climb. Looking at the Bollinger Bands, the price retraced deeper into the central band area, and the bands started to contract inward. The movement from here can continue in any direction, and to get a reliable signal for price increase or decrease, it's worth waiting for an active touch of one of the bands, and then assess whether the bands expand outward or not. In terms of fractals, a new closer fractal downwards has formed, now acting as the target for price decline. Breaking and consolidating below it will allow the price to reach the fractal from October 14 at the level of 1.32475. The nearest fractal upwards is far from the current price, so waiting for the formation of a new closer fractal is necessary to have something to rely on for a potential price increase. 2 - The Awesome Oscillator indicator continues to rise in the negative zone, and it's still unclear when the first peak will form, indicating that the decline may resume. To get a reliable signal for price increase, it's important to wait for a significant fading towards the zero level.