GBPUSD October Outlook
On the large scale, The overall Trend is still Bearish.
However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY;
https://www.tradingview.com/chart/DXY/Do0FGmgj-USD-Strength-DXY-Forecast/
Thus, I will expecting a retracement towards the area around level 1.36000:
Confluences at level 1.36000:
Entry Criteria (Best with 3 or more confirmation):
However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY;
https://www.tradingview.com/chart/DXY/Do0FGmgj-USD-Strength-DXY-Forecast/
Thus, I will expecting a retracement towards the area around level 1.36000:
Confluences at level 1.36000:
- Previous Flip Zone (Red)
- Fib Golden Zone (50%-61.8%) (Gold)
- Test of long-term bearish trendline
- Level 1.36000
Entry Criteria (Best with 3 or more confirmation):
- Break and retest of counter-trendline (Red)
- Retest of golden zone (Gold)
- Retest of Flip Zone (Red)
- Retest of Level 1.36000
- Bearish Structure
- Bearish candlesticks
- Moving Average Crossover
- DXY shows strength on a retest of support
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