GBP/USD-2-Hour analysis
Hello everyone!
-On a 2-hour time frame chart, we can see that the price reached the resistance area and we can see that the price is rejecting that zone with a long upper wick.
-On Bollinger bands indicator we can see that the price reached upper band and we can see that the price is rejecting, on a stochastic indicator we can see that the price is in an overbought area so stat might be a signal that the bears are going to take control over this pair BUT it depends.
-On a daily base, GBP is stronger than USD and on a 4-hour base GBP is a little bit stronger than USD,...-If GBP remains stronger than USD then we can expect further bullish movement and if USD gains some power and becomes stronger than GBP then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 2-hour time frame chart, we can see that the price reached the resistance area and we can see that the price is rejecting that zone with a long upper wick.
-On Bollinger bands indicator we can see that the price reached upper band and we can see that the price is rejecting, on a stochastic indicator we can see that the price is in an overbought area so stat might be a signal that the bears are going to take control over this pair BUT it depends.
-On a daily base, GBP is stronger than USD and on a 4-hour base GBP is a little bit stronger than USD,...-If GBP remains stronger than USD then we can expect further bullish movement and if USD gains some power and becomes stronger than GBP then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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.