traderNow7

traderNow7

GBPUSD OUTLOOK 14/10/2021 PRICE HAS MANAGED TO BREAK and CLOSE above 1.3660 AND TESTED THE UPPER BAND OF THE DESENDING TRIANGLE AT HIGH 1.3734 . Strong rejections is expected with fresh sellers here in confluence with the 61.8% FIB level of the high on SEPT 14th to SEPT 29th low . PRICE REMAINS NEUTRAL TO SLIGHT BEARISH UNLESS A FIRM BREAK AND CLOSE...

traderNow7

Upper band trendline held from Feb 2021 highs tested once and we may test again if this rising wedge works, but we can also seem to see a possible falling wedge appearing if Monday holds.

traderNow7

G/U seems undecided on it's direction although majority seems saying it's going down. I personally see that it's holding at 1.3750 if this rising wedge works.

traderNow7

Dear Traders, In your opinion, which is stronger and more likely to work out ? A double bottom at 1.36 and gives us more space to explore beyond 1.4240 weekly resistance zone, or the traditional M-pattern execution(double top pattern at 1.4230 area) which means we may see a downside to 1.3985 -1.4000 area. And if that gives way then we can see 1.3850 and if that...