After making a fresh Higher high. Price has not made any effort to correct itself but the mini spike to the .38 retracement
Im looking for long all the way to the 1.2450 are
Trade safe, regards!
GBPUSD made a new retest to the 1.36 level and in the process made a corrective 3 wave pattern, we will sell when price breaks the upper trendline.
Targets will be 1.33 that will act as an strong support and if we break that level well problably see 1.300
Trade safe,
regards!
AS we can see in the picture the area of resistance of 1.1750-1.1720 is acting as a very strong barrier for price to keep going up. We can also see that price is developing a rising wedge, we will sell EURCHF when this wedge breaks to the downside.
Our traget is the 1.1450-1.14 area
Trade safe, regards!
After a doble top in the daily TF, all we need now is a break of the uptrendile to confirma newly bearish momentum. Target 1 will be 1.1750 and target 2 will be 1.16.
If we get to break 1.16 we might actually see 1.12-1.10 area.
Wait for confirmation for the break of the trendline
Trade safe,
Regards!
