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Looking at the 100D EMA as a PRZ

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD keeps pushing higher but the recovery doesn't look very convincing. The daily candles are quite small compared to the average daily range during the downtrend which could indicate a change of trend very soon.

I am looking at the 1.2650-1.28 area as a Potential Reversal Zone(PRZ). A bearish daily candle in this zone could signal that the recovery has ended. If that happens, I will go short.
Comment: Big reversal from the PRZ
Comment: New idea

Comments

I will be following this

+1 Reply
TraderAvDM TradingAxis
@TradingAxis, Great idea. I already saw it in the morning
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Nice Analysis, thanks alot
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TraderAvDM johnsondav2020
@johnsondav2020, You're welcome
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Thankyou once again..
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looking good. appreciate it.
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Your analysis is right on!
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TraderAvDM adderlyronnie
@adderlyronnie, Thanks mate
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Thank u . So powerful analysis
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TraderAvDM ee921b71b25c435da9a9c10fddc777
@ee921b71b25c435da9a9c10fddc777, Thanks for your appreciation :)
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