I've been observing the GBP index.... It's quite interesting as it has been flowing in line with d channel... It's down the Support channel of which we are mainly looking for the GBP on a Bullish perspective for the long run on... This is only a trade idea as we don't just take this.. we have our rules for entering nmand exiting... Simply follow your own rules...
I look trend GBP very strong at time frame H1, H4. However GBP still same condition with covid-19 like other country, the first lockdown at there and AUD. Until now AUD not yet significant growth up.
It is the same as the EUR pair, i mention earlier
My last idea said I am going Long on GBPUSD this week and this is supporting that Idea
Clear breakout of monthly descending triangle Divergence spotted on weekly and daily Retracement target 138.37 before up trend continues or not
BXY will continue to go up unless conditions change, For instance if it can break the support at 127 then the whole scenario will change but until then stay tuned to more update and just sit tight for long ride...
BXY (British Pound Currency Index) 1W & 1D: The British Pound Currency Index has been trending to the upside since the beginning of the year. The trend is strong, moving in a classic Higher-High and Higher-Low structure. The BXY is respecting an ascending trendline from the weekly perspective, and we are currently seeing a minor pullback towards it. We expect...
H4 retracing down Daily up Weekly and Monthly Possibly down