Hi traders, gbpusd made a pullback up, so i expect it now to make some correction before price will push higher to 1.37000 area to retest our supply zone and complete possible inverted H&S formation there. So short term buy is expected. If there wont be any correction I wont be taking any buys, and will focus on that sell from 1.37000 area.
Take a look at 4h macd and rsi when price was pushing towards supply zone, it was at overbought area and losing momentum, so i expect same thing when price will retest supply zone and complete H&S. Be patient
Take a look at 4h macd and rsi when price was pushing towards supply zone, it was at overbought area and losing momentum, so i expect same thing when price will retest supply zone and complete H&S. Be patient
Comment:
Price might as well drop and retest zone again, depends on dxy move. But gbp is showing that we will see one more small buy before reverse
Comment:
Price is pushing towards supply zone, and as you see we already have orvebought rsi and macd which is lossing momentum
Trade active:
Price came to supply zone and it lost bullish momentum, im already in and im waiting for break of that trendline to add trade
Comment:
Finnaly some solid break down
Comment:
Gbpusd is forming ending diagonal, and we are having nice supply zone on the top, so i expect price to push lower soon
Gbpusd is forming ending diagonal, and we are having nice supply zone on the top, so i expect price to push lower soon
Comment:
Price breakdown nicely, and is now correcting. We might again see retest of zone