Hi,
I have a BEARISH BIAS on this pair as i notice it bouncing off the MARCH-APRIL descending trend line. Currently expecting this pair to test lows of April 6th (1.2200) which would complete the Bearish V formation. After that i expect it to retest 1.2300 and then continue its bearish move down to 1.1970 - 1.1870. Currently my entry is at 1.2440 and have TF1 setup at 1.2277 and TF2 at 1.2220. SL set at 1.2480
I see a bit of correlation between GBPUSD and EURUSD atm. ill be keep a look at both pairs.
Please share your thoughts.
I have a BEARISH BIAS on this pair as i notice it bouncing off the MARCH-APRIL descending trend line. Currently expecting this pair to test lows of April 6th (1.2200) which would complete the Bearish V formation. After that i expect it to retest 1.2300 and then continue its bearish move down to 1.1970 - 1.1870. Currently my entry is at 1.2440 and have TF1 setup at 1.2277 and TF2 at 1.2220. SL set at 1.2480
I see a bit of correlation between GBPUSD and EURUSD atm. ill be keep a look at both pairs.
Please share your thoughts.