GBPUSD > Where I Will Be Looking to Sell!?
Analysis on #GBPUSD
Similar to my EURUSD analysis for today The GBPUSD formed bearish trend line resistance started at 1.3640 price level before starting the move down, I suspect we could have a relief rally to test this trendline again near the 1.3280-1.3300 key resistance level which previously was a support level.
>> If the market test my trend line resistance level and key resistance zone then I will wait for the market to turn bearish on the lower time frame looking for a reversal pattern, before entering a selling trade with a good risk to reward if the entry rules are met.
⚡we need to be extra careful, markets are not respecting technical analysis due to current world circumstances
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
Similar to my EURUSD analysis for today The GBPUSD formed bearish trend line resistance started at 1.3640 price level before starting the move down, I suspect we could have a relief rally to test this trendline again near the 1.3280-1.3300 key resistance level which previously was a support level.
>> If the market test my trend line resistance level and key resistance zone then I will wait for the market to turn bearish on the lower time frame looking for a reversal pattern, before entering a selling trade with a good risk to reward if the entry rules are met.
⚡we need to be extra careful, markets are not respecting technical analysis due to current world circumstances
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
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.