Today on GBPUSD> to the Upside?
The market is in an oversold zone
Although in a downtrend at psycological levels for a potential up move which could be a retracement for liquidity the continuation to the downside
It is a fading downtrend
The will be an up move soon in order to clear the market from oversold
Fundamental data; United States New Home Sales will be released soon
A higher than expected figure should be seen as positive (bullish) for the USD while a lower than expected figure should be seen as negative (bearish) for the USD.
Monitor it to ride the incoming waves to profits🤑
Although in a downtrend at psycological levels for a potential up move which could be a retracement for liquidity the continuation to the downside
It is a fading downtrend
The will be an up move soon in order to clear the market from oversold
Fundamental data; United States New Home Sales will be released soon
A higher than expected figure should be seen as positive (bullish) for the USD while a lower than expected figure should be seen as negative (bearish) for the USD.
Monitor it to ride the incoming waves to profits🤑
Note
Played out superbly to the upside
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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.