In my daily chart analysis last week, I told you that the 100D EMA could be a PRZ( Potential Reversal Zone) and you saw that price dropped more than 200 pips after hitting the 100D EMA.
(Last week's analysis)
In this Weekly chart, you can see a Pinbar candlestick pattern which to some extent, indicates that GBPUSD Bulls are getting weak.
My plan this week is to Sell near the 1.2580-1.2630 area and target the 1.2150 area as TP. However, to reduce my risk, I will sell only if I see some bearishness in the lower time frame.
Great analysis again mate, i have the same bias as you.
on the 1H timeframe its currently made a inverted left shoulder and head. Upon completion of the right head itll also hit the uptrend of the weekly in which i expect it to then complete the full inverted h&s and going up before heading down as your chart says.
love following your analysis!
TraderAvDM
⋅
@dannyybyrne, This is a very nice chart. Informative and helpful. I will sell only if I see some rejection at the previous High :)
TheTradersAvenue
⋅
good analysis here is mine
FXCM
⋅
thanks for this and great work on that, very clear structure! Here's my analysis on GBPUSD:
Astaneh
⋅
Gbp looses Significant value on Mondy
DPLtrading
⋅
👍🏼
Troy_mlamuli
⋅
Thanks men
lukasteodrx
⋅
great opportunity
kardosd
⋅
Great prospects for next week.
Thanks for sharing this idea.
👍🏻
on the 1H timeframe its currently made a inverted left shoulder and head. Upon completion of the right head itll also hit the uptrend of the weekly in which i expect it to then complete the full inverted h&s and going up before heading down as your chart says.
love following your analysis!