Initially was anticipated for the down move towards the weekly low with the potential reversal level at 1.39000
But couldn't have the confirmation with DXY move and even GBP
Currently the structure is unveiling with the GBP up move is still holding a strong momentum to the upside
Structurally GBPUSD hasn't change the direction in the bigger time...
here is another pair I'm looking for
It's kinda consolidating on higher time frame
Theres a liquidity pool at the top of this pair
I'm looking forward that the MM will grab the $$ above
then will continue going down to grab the $$ below
My bias tonight its going down.
Please comment down below if you have any questions or idea for this pair
Price has rejected the daily resistance and started moving towards the key support. We are currently retesting the 61.8 fib and mid-zone as resistance. RSI is also showing divergence. Waiting for a lower time-frame bearish candlestick pattern to see a continuation of the trend to the key support. Use proper risk if entering.
GJ, I expect him to retest the Fibonacci 786 level and continue the descent ... especially because he also hit the trend line that coincides with the Fibonacci level!
NOTE: this pair may be influenced in the short term by any news about the vaccine or Brexit!
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this...
GBPJPY has show some unusal pattern for forming bottom bottom 2 lower than bottom 1 and then shows bounce back for shorter time one can trade little risky trade for some handsome profit for long side. keep in mind to place strict stoploss and manage the risk and reward
Stay with us for more idea
Long green box; short red box; yellow lines are targets if either box is hit.
If you have any suggestions on how this chart could be improved send me a pm.
If you have any questions regarding the chart, please leave a comment.
I am not a financial adviser, please trade at your own risk.