MARKET IS IN MAJOR UPTREND
price is now at strong support level
market break the trend line and create double bottom at 1d timeframe
showing rejection on lower timeframe
entry; after breaking structure high (1.36376)
Dear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
I said in the last weeks ...s you can see, the W pattern for a week is almost perfectly respected and GU has already reached level 1 that I proposed last week!
from...
GBPUSD takes offers around 1.3620, refreshing one-month low after UK Retail Sales for July disappointed the cable traders during early Friday. Also weighing on the quote could be the US dollar’s safe-haven demand, backed by the covid and taper tantrums. It’s worth noting that the quote’s sustained trading below 200-DMA and bearish MACD adds to the downside...
PRICE IS IN MAJOR DOWNTREND
Price respecting trendline
Price break the trendline
market create double bottom at 15min tf
Showing rejections at key levels
Entry : after breaking the structure high
if we clearly look at price action, we can see that price retest from our downtrend line (Trend line), and break major support zone. I'm on short (sell position).
Use proper risk management.
Thank you
Message me to learn 1 to 1 !
GBPUSD 1D TF
GBPUSD is in an upward wedge however a breakout might be coming soon!
If a lower break is seen an entry can be taken at re-test with great targets however be aware of false breaks thus wait for re test!
The RSI is also showing a divergence suggesting a lower breakout!
RR-6.5
Possible Pips-0.005
GBPUSD Prediction for the Day to where this could go up or down according to chart trend line and indicators. Good Luck guys. I suggest to all buyers to hold your position and money management is important.
