GBPUSD Sell or Buy ?
Hello traders, I think, that we have 2 options on GBPUSD..
1. We can see a bullish flag pattern. The price will break the trend line and resistance zone, it will retest and form double bottom probably, so we can enter a long trade.
2. The price will bounce from the trendline and price will continue the downtrend. If we will look into the weekly timeframe, we can see, that price bounced from resistance zone and we can see the shooting star candlestick pattern too.
I would not enter any trade. We need to wait for candlestick pattern confirmations, so be ready.
I hope you like my opinion on GBPUSD, I will be very happy if you will leave a like or comment. Thanks.. Good luck.
You trade at your own risk. Good luck.
1. We can see a bullish flag pattern. The price will break the trend line and resistance zone, it will retest and form double bottom probably, so we can enter a long trade.
2. The price will bounce from the trendline and price will continue the downtrend. If we will look into the weekly timeframe, we can see, that price bounced from resistance zone and we can see the shooting star candlestick pattern too.
I would not enter any trade. We need to wait for candlestick pattern confirmations, so be ready.
I hope you like my opinion on GBPUSD, I will be very happy if you will leave a like or comment. Thanks.. Good luck.
You trade at your own risk. Good luck.
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