GBPUSD PART 2 PIP RUN
Hey people!
if you haven't seen part 1 to my analysis click on my profile!
Price now in Zone A (Previous demand/supply zone). We need to see a break out of this consolidation before entry into a potential buy!
Looking for a break of this zone and then a pull back before entry to the upside.
Day timeframe shows a great rejection from the 21EMA indicating bulls are still in control.
The market moves in any direction so this could become a sell also! But unlikely due to momentum of uptrend on all higher time frames.
happy trading!
Additional confirmations to look out for:
RSI indictor (above 50)
Momentum candles.
Doji's.
EMA'S
Potential news
if you haven't seen part 1 to my analysis click on my profile!
Price now in Zone A (Previous demand/supply zone). We need to see a break out of this consolidation before entry into a potential buy!
Looking for a break of this zone and then a pull back before entry to the upside.
Day timeframe shows a great rejection from the 21EMA indicating bulls are still in control.
The market moves in any direction so this could become a sell also! But unlikely due to momentum of uptrend on all higher time frames.
happy trading!
Additional confirmations to look out for:
RSI indictor (above 50)
Momentum candles.
Doji's.
EMA'S
Potential news
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.
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.