7pasos

Bullish GBPUSD scenario could change fast

FX:GBPUSD   British Pound / U.S. Dollar
381 4 0
Change has not yet occured in the bullish scenario but this could change fast if the last dragon fly doji lack of concensus among the buyers.

Observe that we have a channel that as far as now has failed to break trough the 1.5750 zone, and if the 1.5417 zone is broken the projection for this channel breakup is as far as 1.50 which will make a cluster with the previous support zone at the very same level.

Even if in the proccess of breaking the channel (if the price gets to it) do not form any other point to place a secure stop loss the risk reward ratio is about 1.3 using the last high as stop loss place.

Therefore the chances for an increased interest from the bears is to be expected.
sorry but just a question < is not that you call a doji is also called a pin bar according to price action and also the long down tail indecates false down movement which is a bullish signal?
Reply
7pasos PRO nawras.elghorani
the dragon fly doji express an intention but not so much as reversal, reversal could be if close above the doji
Reply
I think we could have few days bull here after the doji and then back again out of the channel
Reply
Hope pair will continue the trend in the channel
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out