- Great British Pound seen on a more broader picture of Weekly Time-frame *W (tf) . Flirting with Trendline Resistance that rejected price action on 4 times of interactions previously. Fakeout occurance would be put to stop by 200EMA coming down as Resistance Ceiling for GBP/USD
Breakout of Trendline + 200EMA re-testing them as Supports would give much more room for growth regarding GBP
Below Supports
- Daily Order-Block *D OB - Last Higher Low at 1.18$ - Weekly Order-Block *W OB
TRADE SAFE !
*** Note that this is not Financial Advice ! Please do your own research and Consult your own Financial Advisor before partaking on any trading activity based soly upon this Idea.
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PoC on *W Point of Control of VRVP Volume Profile set on Weekly (tf)
Coinciding with the *Daily OB
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Trend Fibb' Retracement Reclaiming Golden Zone would re-claim strenght. Lose the 0 zone and breaking last Higher Low would Change the Character (CHoCH) of current Uptrend
TRADE SAFE
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Bulls showing weakness on *W print. Can as well be the case of uptrend continuation. Yet to be seen ;
it could go upside depending on what fed harker says in 2 hours or so time
Mr_J__fx
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@ibrar550 anything is to be anticipated. This is a 'Neutral' idea, no long or short call given, just some targets needed for each case scenario, either for the Bulls or for the Bears