GBPUSD > Do We Have a Bottom?
Analysis on #GBPUSD
Here we have the market might be trying to form a b bottom here to start a rally to the upside, but I still need more confirmation to get in a buy.
>>after the fed Powell said they will discuss speeding up bond-buying taper at the December meeting, i am convinced that all the fed wants is to artificially pump up the dollar so they can control the prices, in my opinion, the fed should have said they are "data depended", i don't think the bond market and the stock market will agree with the fed, and we saw that already, and markets will make him think again of what he said unless of course the data really justify the fed stand.
>>that's is why I am not looking to sell dollars unless i have a very solid confirmation.
>>if the market would to rally and break the trend line resistance and move and close above the neckline resistance i will then look for abuy entry if the rules for entry are met
Like and comment will be hugely appreciated, thank you so much for your support.
Check today analysis below⠀
>>“ Success is a journey, not a destination"
Here we have the market might be trying to form a b bottom here to start a rally to the upside, but I still need more confirmation to get in a buy.
>>after the fed Powell said they will discuss speeding up bond-buying taper at the December meeting, i am convinced that all the fed wants is to artificially pump up the dollar so they can control the prices, in my opinion, the fed should have said they are "data depended", i don't think the bond market and the stock market will agree with the fed, and we saw that already, and markets will make him think again of what he said unless of course the data really justify the fed stand.
>>that's is why I am not looking to sell dollars unless i have a very solid confirmation.
>>if the market would to rally and break the trend line resistance and move and close above the neckline resistance i will then look for abuy entry if the rules for entry are met
Like and comment will be hugely appreciated, thank you so much for your support.
Check today analysis below⠀
>>“ Success is a journey, not a destination"
Related publications
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.