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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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.