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GoldEW
Mar 7, 2021 4:27 PM

GBPUSD Trade setup : EW 4H Analysis Short

GBP/USDOANDA

Description

The GBP/USD pair trades in the 1.3900 price zone, with a neutral-to-bearish stance in the near-term. The 4-hour chart shows that the pair spent the day hovering around its 20 and 100 SMAs, both lacking directional strength. The pair is now speeding down below them, favoring a bearish extension. The Momentum indicator is piercing its 100 level, while the RSI hovers around 42, indicating increasing selling interest. A strong support level is 1.3860, where the pair bottomed this week.

Support levels: 1.3860 1.3820 1.3770

Resistance levels: 1.3950 1.3990 1.4030
Comments
slimenb61347
bonsoir
votre analyse est parfaite mais si vous regardez le graphique weekly et monthly vous verrez que la paire gbpusd est dans une tendance baissiere et que nous venons de terminer la vague 4 et que nous débutions la vague 5 la fin d'une diagonale baissière.
ForecastCity_World
Good idea
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