A-Summary: ( BEARISH MONTHLY Pin BAR Forming!!)
GBP has been weak across most pairs last week!
Would IT continue Down ??
Trend Monthly CHART (PIN BAR forming !) / WEEKLY Engulfing BEAR Bar so far.
See WEEKLY CHART :
See DAY CAHRT :
IF we see last week – WEEKLY candle close below 150.496 (Previous Week Candle Low) will be good for continue DOWN Trend likely
B-This Coming WEEK Analysis:
1- Will likely see a Bounce Off Fibs 50% Zone at 150.765 & Weekly S/R @ 150.555
Closed Friday nite was 150.681 (Lets see Monday Actual Close !!)
a) & Continue its short term TREND Down OR possible consolidate here (Zone ) for a while
b) Breaking OFF of the Rising Channel !!
CHEERS Stay NIMBLE & TRADE SAFE !!
NB: Look out for next few candles H4/H1 Movement-b4 ENTRY Either SHORT or LONG !!
GBP has been weak across most pairs last week!
Would IT continue Down ??
Trend Monthly CHART (PIN BAR forming !) / WEEKLY Engulfing BEAR Bar so far.
See WEEKLY CHART :
See DAY CAHRT :
IF we see last week – WEEKLY candle close below 150.496 (Previous Week Candle Low) will be good for continue DOWN Trend likely
B-This Coming WEEK Analysis:
1- Will likely see a Bounce Off Fibs 50% Zone at 150.765 & Weekly S/R @ 150.555
Closed Friday nite was 150.681 (Lets see Monday Actual Close !!)
a) & Continue its short term TREND Down OR possible consolidate here (Zone ) for a while
b) Breaking OFF of the Rising Channel !!
CHEERS Stay NIMBLE & TRADE SAFE !!
NB: Look out for next few candles H4/H1 Movement-b4 ENTRY Either SHORT or LONG !!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.