GBPUSD Daily Analysis
W - bearish, price has broken below the last higher low, could be the start of a major bearish trend
D - bearish, price broke the last support and looks like it may come back up to retest it
DXY - Neutral, price is at the major resistance
Swing entries -
when price retraces back to the 1.37 area I will be looking to enter a short. My first TP will be at the last low and my second TP will be at the next major support at 1.35
scalping entries -
I will be looking for a bullish trend on the lower timeframes and will enter on the retracement going up to 1.37
D - bearish, price broke the last support and looks like it may come back up to retest it
DXY - Neutral, price is at the major resistance
Swing entries -
when price retraces back to the 1.37 area I will be looking to enter a short. My first TP will be at the last low and my second TP will be at the next major support at 1.35
scalping entries -
I will be looking for a bullish trend on the lower timeframes and will enter on the retracement going up to 1.37
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