Hello Traders,
So here is an analysis of GBPUSD
As we can see that in 4h its on sell trend but
there would be a small buy that might come.
As you can see that at level 1.3000 it hit the trendline resistence
and started falling.but after hitting the support line on 1.27955 it went a bit high,
so considering this it wil go a bit up and then continue falling again...
Gbp/usd pair is in the sideways trend from some time and recently it has touched the neck line and again reversed back from there. It is possible that it will break the neck line and come into a long term short trend and then it can touch the support zone which will be the long term target for the Gbp/usd pair.
The pair ended a cycle up in wave ((1)) from the 9/3/2019 lows at 1.3519 on 12/13/19. From there a cycle in wave (A) ended at 1.2904 & wave (B) ended on 12/31/19 at 1.3284 to correct the cycle lower from the 12/13/19 highs . While below 1.3066 where the hourly right side is down a turn back lower to correct the cycle from the 9/3/19 lows can further develop. ...
Few weeks of bearish trends and retracement, bullish momentum is finally building strongly on GBPUSD as price is approaching 1.30 , Probably before the week runs out buyers are able to take price towards 1.31 zone.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is...
GBPUSD is looking bearish as buyers are losing hold from 1.29750, Hopefully bearish sentiment continues with this momentum and drive price downwards towards 1.28750 level(TP level).
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of...
PLUS VOUS AVEZ DU LEVIER PLUS VOTRE RISK DOIT ETRE SERRER !
exemple 1:1000 = 1 pips loss tp 10p be after 3 pt
1:500 = 2pips loss tp 10p be after 5 pt
no respect mannagement = crash account
The counter is currently in a pullback mode after a steep fall.
The correction has ended with the formation of a head and shoulder pattern.
The price action has broken the neckline and is currently consolidating just below it.
Hence, we expect the pair to be bearish in the near-term.
