GBPUSD SHORTTERM LONG , Still waiting for weekly level
Midterm forecast: While the price is above the support 22.15, resumption of uptrend is expected. We make sure when the resistance at 26.20 breaks. If the support at 22.15 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI resistance #1 at 56 is broken, so the probability of resumption of uptrend is...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance lines (1.1822 & 1.1883). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURUSD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which...
Trading suggestion: If the Midterm level 1.5240 is broken, we will close open trades. Price may also reach 1.5240, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to our STRATEGY , and depends on personal strategies. Midterm forecast: While the...