Hello traders, I want share with you my opinion about GBP/USD. Looking at the chart, we can see how the price formed the seller zone 1.2275-1.2310 and continued to move up. The British Pound reached the level 1.2540, made a deep correction, continued to rise and broke through it. Subsequently, the price rose to the level 1.2680, from where it began a downward...
Priceline of British Pound / US Dollar forex trading pair is forming a bearish Shark and entered in potential reversal zone to start the formation of last leg soon insha Allah.
Price action is also hitting the support of bollinger bands.
RSI is oversold.
Volume profile of complete pattern is showing less interest of traders at this area.
Stochastic is...
The priceline of great british pound to us dollar has completed the formation of bullish BAT pattern.
Now the price action has entered in potential reversal zone and insha Allah soon it will hit the sell targets.
The targets are:
Buy between: $1.24494 to $1.24021
Sell between: $1.24618 to $1.25249
Regards,
Atif Akbar (moon333)
The British pound appreciated 0.24% against the US Dollar since Friday’s session. During the previous session, the rate broke the monthly PP at 1.3038 and was resisted by the 55-hour SMA at 1.3060 to stop the trade at the 1.3054 mark. On Monday morning, the rate broke the resistance of the 55-hour SMA to trade at the 1.3079 mark.
In regards to the near-term...
