bonsu123

TECHNICAL ANALYSIS. PURE PRICE ACTION

FX:GBPUSD   British Pound / U.S. Dollar
DAILY TIMEFRAME PRICE BREAKS SUPPORT, WE HAD A PULL BACK TO THAT SAME SUPPORT LEVEL WHICH IS MARK ON MY CHART WEEKLY SUP. NOW WHAT WE NEED TO LOOK AT IS WAIT FOR ITS TO BREAK THAT LEVEL FOR POSSIBLE LONG OR FIND SOME REJECTION FOR A SHORT TERM SELLS. ALSO THERE'S A HAMMER CANDLE WHICH SHOW THERE'S BUYING POWER.

ALSO I'M LOOKING AT SHORT THIS PAIR IF WE CAN REJECT THE WEEKLY SUP AND 38.2 FIB AND BREAK BELOW 1.26420 THEN WE SHORT BE LOOKING AT TAKING SOME SHORTS TRADES.

LETS WAIT AND SEE WHAT PRICE TELLS US WHEN THE MARKET OPENS.

THANK YOU FOR YOUR TIME, HOPE YOU ENJOYED YOOURSELF .

DROP SOME COMMENT IF YOU MADE SOME PROFIT OR ENJOYING THE MATERIAL.
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