EZ_Trader

EZ_Trader Updated 

Weekly GBPUSD nearing an end for trading this week. Analysis summary: Candlestick patterns - 3 Black Crows on Weekly TF Uptrend line broken through to the downside. Bearish divergence evident on RSI 14 period RSI crossing below 50 level mark indicating a downward momentum. Open order(s): Short at 1.3650 Not financial advise For educational purposes only

EZ_Trader

Sub-waves 1 to 5 WITHIN leg 4 retracement of overall trend. This is for educational purposes ONLY Surely NOT financial advise.

EZ_Trader

Short term bias = SHORT Long term bias = LONG We clearly see that GBPUSD is in an upwards channel. Leg 4 retracement expected to be around 1.42840 range. Retracement level is taken at a price action level and NOT fib retracement as such. This is for educational purposes ONLY. Surely NOT financial advise.