Looking at GU we have come up to 1.42 region and have respected it quite well overall last week was bearish but the trend is still bullish on 4hr we can see no structure has been broken so I'm still looking for buys from these two areas we have to remember the overall trend is higher so looking for sells while we have been in a strong uptrend is us going against...
GBPUSD CURRENTLY THE PRICE MOVING TOWARDS MAJOR RESISTANCE..
WHAT WE CAN EXPECT???
GREEN
IF THE MOMENTUM IS LESS THEN GBPUSD CAN TAKE U-TURN AROUND 1.33300
WAIT FOR PRICE CONFIRMATION AND CAN GO SHORT....
TAKE PROFIT @ 1.31700
RED
IF THE MOMENTUM IS HIGH IT CAN BREAK THE RESISTANCE AND NOW IT WILL ACT AS SUPPORT
WAIT FOR PRICE...
GBPUSD PRICE LEVEL NOW AT FRESH SUPPORT ZONE ..WAITING FOR PRICE CONFIRMATION...TRENDLINE BREAKOUT AND GO LONG...
BE PATIENCE.....PRICE ACTION SPEAKS..
GBPUSD price now in resistacne zone what we can except...
1) RED
Price can Make a little correction moves downwards upto 1.31200 and then it can move upwards
Wait for Price Confirmation @ 1.31200 and then GO LONG...
Take Profit @ 1.32600
2) BLUE
Price move to new support level Where it will meet upwards trendline @ 1.29950 - 1.300000
...
