MohamedMagdy

GBPUSD Long term outlook

FX:GBPUSD   British Pound/U.S. Dollar
76 2 3
The faded green rectangular is a critical zone of buying !
and the pair is currently at the lowest levels of its history !!

two scenarios are expected :-

1- Prices goes below the faded green rectangular then corrects up again to enter its zone to test the selling pressure there , if prices after that test went down the faded green rectangular , then a possible bearish move is expected within the red downside channel

2- Prices goes up the faded green rectangular then corrects down again to enter its zone to test the buying pressure there , if prices after that test went up the faded green rectangular , then a possible bullish move is expected and a a long term bullish move will be confirmed by the breakout of the red downside channel to the up side
MohamedMagdy MohamedMagdy
Daily chart shows rsi divergence which expects a bullish move may soon
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out