【11/7 Morning Euro Pound】Moves within the 0.83313〜0.83515 range and ends Friday around the 0.833s | Market structure and the latest targets seen on LIGHTHOUSE
LIGHTHOUSE (Light House)
Automatically display the chart's "readings" at a glance.
This is a discretionary trading aid indicator that displays the direction of the higher timeframe and the current candle, updated highs and lows, pullback and retracement zones, directly on the chart.
1. Latest Chart: EUR/GBP 1-hour chart (until the close of November 6)
First, view the current EUR/GBP on the 1-hour chart with LIGHTHOUSE applied.
・In the upper left, the higher timeframe (daily) is shown as "Neutral" and the 1-hour timeframe as "Buy."
・At around 10:00 on the 6th,HH (near 0.83515) then at 15:00LL dropped to around 0.8333, and the closing price at the right edge is also around 0.8333.
・There is a support/resistance reversal zone around the upper price (around 0.8359–0.8363) and just above it thepullback zone is displayed, with therebound zone shown just above (early 0.834s).
Conscious price ranges (based on chart facts)
| 0.83515 | High on the 6th day (10:00). HH on the 1-hour chart |
| 0.83313 | Low on the 6th day (last 5-minute candle's lower wick, around 23:00). The close on that day is 0.83330 |
Other price ranges and immediate targets are conveyed in purchaser-exclusive messages.
2. Past Cases: LIGHTHOUSE Signals in Action
Primarily past cases.They do not predict or guarantee future movements. When LIGHTHOUSE is applied to a chart, we illustrate how the movement looks after a signal in two scenarios.
Case ① Friday, Oct 16 — 5-minute chart
At 14:45 on the 16th (server time), a sell signal appeared. From around 0.8437, the downward trend continued, dropping to around 0.8418 in the 17:00 hour of the same day.
On the retracement hill,LH(lower high) was formed,LL (new low) andBOS
Case ② Friday, Oct 30 — 5-minute chart (AM)
At 07:15 on the 30th (server time), a sell signal appeared. From around 0.8356, the downward flow continued, reaching around 0.8321 by the 16:00 hour on the same day.
On the intermediate retracement hillLH formed,LL andBOS overlapped as it moved lower. There were moments of a brief rebound in the middle.
※ Cases are selected to show easy-to-see moments. Not all signals behave identically. Also, the exact signal positions and conditions are not stated here.
What LIGHTHOUSE reveals
・Displays the directions of the higher timeframe and the current candle in five levels at the chart's top-left
・Automatically displays the marks HH/HL/LH/LL and the BOS/CHoCH lines
・Displays pullback/retracement zones, support-resistance conversion zones, and range boxes
・Marks on the peaks and troughs appear only after they are confirmed and do not move or disappear later (no repaint)
・The meaning of terms is shown at the bottom-left of the chart, so you can learn as you view
To those who purchase LIGHTHOUSE
We deliver daily micro price levels and recent targets via purchaser-only messages.
・This article introduces past price movements and does not predict or guarantee future movements. Please make investment decisions at your own risk.
・Prices and dates are based on BigBoss (demo account) MT4 charts (server time). They may vary slightly by broker.
・LIGHTHOUSE is an indicator to assist market analysis and does not perform automated trading.