In the supply zone and the support line area morning Star formation formed in H4 Chart. So we can expect little up trend and Close half trade and set SL to the break even while market reached 400 Points from the entry level.
GBPUSD recovers from the monthly bottom as the cable traders await the Bank of England’s (BOE) Quarterly Inflation Report (QIR). Given the bullish hopes from the “Old Lady,” the quote may keep the latest rebound. However, it needs to provide a daily closing above an ascending trend line from July 20, near 1.3630 to keep the buyers hopeful. Also challenging the...
Looking for a short on GU. Maybe market will slow down today.
according to chart analysis, mostly GU price will fall down further.
Use proper risk management.
Thank you
While major currency pairs dropped notably the previous day, as Fed tapering concerns propelled the US dollar, the GBPUSD remained far from bear’s reach despite refreshing weekly low. The reason could be linked to a one-month-old rising channel. The cable pair teases the channel’s support, surrounding 1.3785, by the press time of early Friday. Even if the quote...
From looking at structure with a top down analysis I have placed some areas that I see price most likely coming to both short term and long term. I have placed an alert at 1.36860 to see if price gets to my POI for a potential long position. However if price decides to hit my alert at 1.39937 first then I will look for a potential short position in my POI.
LOOK at the marked chart you will find the demand and supply zone . I'm lokking for e sell trade at the price point of near about 1.4000. BUY SIDE VIEW WILL AFTER PRICE SUSTAIN OVER 1.4200. If any rejection noticed at those marked level then sell side view is strong . .
BEST THING IN MARKET YOU SHOULD NEVER ASSUME ANYTHING
So look out for your level and...
There are two possibilities for GU. In daily chart, GU is in uptrend, but there is also a chance for a retracement. so waiting for it. use proper risk management.
Thank you.
