LearnFxJourney

25-5-2020 - Monday Analysis - H4 GU - Neutral

FX:GBPUSD   British Pound / U.S. Dollar
51 views
11
On Monday Open, Price has continue to retrace higher towards the Institutional level 1.22. Now during the NY session, price is currently testing the Declining EMA 14 on the H4. The overall structure for me is still Bearish , however if price failed show sign of rejections on the trendline /resistance, it could potentially break upwards and formed a Bullish Flag Pattern.

It is important to noted that today's is Bank Holidays in the US thus the volatility will definitely be smaller.

I'll not be trading this pair for today.

Comments

makes so much sense
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out