i'm currently in sell short term and can see more down to around 0.618 fib.
this is due to bearish divergence on rsi daily
trendline broke and retested
0.236 fib looking like strong resistance.
DXY looks to hit a nice resistance, possible pullback to previous support then more up
EURGBP has been declining for a very long time now... small retrace before more down?
I see retrace around the 0.618 area.... anything above I see more bull.
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I see upward trend if RSI shows more strength on lower timeframes and nice bullish candle respecting support line.
otherwise.. if support line breaks i see continuation of downwards trend for previous major fib 0.618
GBPUSD has hit strong resistance and i see lowest 1.38415 before going long again.. if goes below the dashed line then I see strong bears entering.
I see a potential buy as it comes to a respected support. I also expect dollar to drop, by the looks of DXY.
I see DXY going up at these two points
just an idea, happy to hear others thoughts?
Let me know your thoughts and please like. :)
Showing exhaustion and I personally expect a pullback around this area
IMO SHORT, PLEASE LIKE
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looks like it is coming to the end of a bearish rising wedge.. which two rejections... so i see a potential pullback to 0.382 area before continuation of bull run.
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after a nice bull run, i seen a potential short coming.