GBPUSD Outlook (4~8 Mar 2019)
Ichimoku MTF Analysis
Pair: GBPUSD
Weekly : Bullish (Started)
Daily: Bullish
H4: Bullish
Outlook: On Daily TF, Pair has broken the resistance level and become support level. She is testing the support level. New significant reversal pattern (H&S) can be seen.
On H4 TF, proper corrective wave pattern not yet appeared.
Trading Plan: Look for corrective wave structure before long entry in H4. No long entry if pair below Kumo at H4 and wait until it above Kumo for long entry.
Daily Chart:
Pair: GBPUSD
Weekly : Bullish (Started)
Daily: Bullish
H4: Bullish
Outlook: On Daily TF, Pair has broken the resistance level and become support level. She is testing the support level. New significant reversal pattern (H&S) can be seen.
On H4 TF, proper corrective wave pattern not yet appeared.
Trading Plan: Look for corrective wave structure before long entry in H4. No long entry if pair below Kumo at H4 and wait until it above Kumo for long entry.
Daily Chart:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.