In 4 hours map pair showing sideways market and narrowing its the chart that shows breakout towards up or down.
and lots of important news coming on the way so we will observe the next move and trade
Today GBP have lots of news so trade wise.
Get update on this idea on
traderand.co
FOREXCOM:GBPUSD
In 4 hours map pair showing sideways market and narrowing its the chart that shows breakout towards up or down.
and lots of important news coming on the way so we will observe the next move and trade
Today GBP have lots of news so trade wise.
Check More details traderand.co
All idea is depended on Wave structure.
An expanding wedge is a part of a flat in this case and it is completed or about to be complete.
But this can be a or it is a start of the next impulse up which will be the C wave of the Flat.
FX:GBPUSD is repeating some sort of structure and moves from a consolidation region. A further look into that to see if it does play out like that or not.
GBP insights:
GBPAUD: Focus on the parallel support which coincides with the 38.2% fib reaction
GBPCAD: Focus on the lower end of the range and 61.8% fib reaction
GBPCHF: Caution will be ordered if break below 1.2750
GBPJPY: Traced out a near-term price top
GBPUSD: Focus on the parallel support
GBPNZD: Focus on 50.0% and 61.8% fib reactions
GBPUSD: Focus between ...
GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.
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