GBP/USD (The Bear trend is taking a pause)
View On GBP/USD (5 July 2019)
Background: We are on the strong DOWNtrend for the past weeks and now it is pausing for a while. We MAY (or may not) see some sort of pullback.
If the swing back happens, 1.269 area will be a strong resistant region.
Target(s): Neutral. 1.269 is good resistant region.
SHTF: NA
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Background: We are on the strong DOWNtrend for the past weeks and now it is pausing for a while. We MAY (or may not) see some sort of pullback.
If the swing back happens, 1.269 area will be a strong resistant region.
Target(s): Neutral. 1.269 is good resistant region.
SHTF: NA
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Telegram: t.me/sonictraders
Web: www.sonicrmastery.com
FB Page: www.facebook.com/sonicrcourse
FB Group: www.facebook.com/groups/sonicrsystem
Instagram: www.instagram.com/sonicrmasterycourse
Web: www.sonicrmastery.com
FB Page: www.facebook.com/sonicrcourse
FB Group: www.facebook.com/groups/sonicrsystem
Instagram: www.instagram.com/sonicrmasterycourse
The market is not going as per what we expected.
Right now, the Price Action (PA) is pretty Bearish on "now news" Monday.
So, it is not a good idea to long (or) add any long positions at the moment.
The whole market is waiting on last Wednesday FED rate decision. Let's see.