Congrats to all that followed the last GBPUSD analysis with quick 150 pips profit in 4 trading days.
Current conditions and key notes:
- Price hit 1.265 with previous resistance and come down quick
- Doji candlestick spotted in the previous H1 candlestick, price may go higher before going down again
- Previous low at around 1.25 just nice to fit 38.2 Fib + 1.25 serve as a mental resistance
- MACD crossing and turning down
Short opportunity to 1.25 area.
Current conditions and key notes:
- Price hit 1.265 with previous resistance and come down quick
- Doji candlestick spotted in the previous H1 candlestick, price may go higher before going down again
- Previous low at around 1.25 just nice to fit 38.2 Fib + 1.25 serve as a mental resistance
- MACD crossing and turning down
Short opportunity to 1.25 area.
Comment:
Target achived.