Forex Analysis: During the European Session, GBPUSD was declining. Thus we have plotted our SFX Intraday Planetary Line Astro Pack Indicator on Metatrader 4 trading platform. We have applied this indicator to 5 Minutes intraday chart. If you are visiting first time here, then please read our indicator manual in order understand more about this indicator & strategy.
As we can see the market is in a downtrend, for a better understanding of wave we have used Andrew Pitchfork. After plotting pitchfork, the bearish trend is now more visible. The market creating lower highs along with downtrend line.
During the reversing area (yellow marked zone) there was a Pluto strong opposition aspect with the moon. Thus, astrologically it is a good timing.
As we can see the biggest aspect among all other aspects, was Saturn Conjunction Mercury. So we will be focusing on it. We have plotted mercury line & also the moon line on the chart with the indicator. Clearly, the market is reacting on these line as resistance. Thus we can place a sell trade.
Later part, during the US Session we can see that market already have fallen 70+ pips from our resistance level & created day low. During that time, there was a forex news release also for USD ADP Non-Farm Employment Change, which pushes prices more downward.