Mahtab_Tradia

GBPUSD Daily Chart Analysis

FX:GBPUSD   British Pound / U.S. Dollar
After a big rise, price has approached to one of the strong weekly resistances and got rejected. It’s been a long time that price has been away from the main trend line (Outer Trend line ) and is moving on a new sharp trend line (Inner Trend line ). There is a negative regular divergence in Weekly time frame which shows a decrease in upside pressure. IF the Inner trend line broken out to the downside, I expect a long-term fall in this pair until it reaches the Outer trend line and start growing again. Otherwise, in another scenario, price will rise to the next resistance level after touching the inner trend line and getting rejected by it.
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Comments

Nice, This is what i am looking in gbpusd
+1 Reply
Very resourceful, thanks for sharing.
+1 Reply
Noted, thank you!
+1 Reply
Excellent, totally agree!
+1 Reply
Very Nice keep it up :)
+1 Reply
Good job
+1 Reply
Good job 👍, thanks for sharing 😊
stay awesome matab jan
+1 Reply
Great work girl
+1 Reply
good outlook and breakdown, thx :)
+1 Reply
Have a similar view on this, perfect!
+1 Reply
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