ProTradersGlobal

ProTradersGlobal

Price has been in an uptrend indicated by the higher lows and higher highs on the 4hr TF. Price has broken through 4hr resistance zone. We can now see price retesting its previous resistance zone, which is now our support. Price has rejected off support with an engulfing candle. EURUSD is likely to trade higher into the daily highs at 1.23200.

ProTradersGlobal

Guys we have great short term sell opportunity on GBPUSD. According to my analysis the following points validates my analysis: 1. We have a breakout of monthly trendline resistance. 2. Price has not retested trendline resistance, therefore price is still in the impulsive push phase. 3. Price has rejected of previous monthly resistance level. We see selling...