Hi traders and the entire Tradingview community! Looking at the hourly
chart in GBP/USD, we can see that the downtrend is still intact.
Price has failed to break the 100-hour exponential moving average. So,
based on this, we can expect GBP/USD to fall to the 1.25 level once again.
Traders can consider selling the rallies in GBP/USD.
chart in GBP/USD, we can see that the downtrend is still intact.
Price has failed to break the 100-hour exponential moving average. So,
based on this, we can expect GBP/USD to fall to the 1.25 level once again.
Traders can consider selling the rallies in GBP/USD.
Note
Not selling anymore. In the 4Hour chart, price is now above the dynamic resistanceTrade active
Sold@1.2608, fading this spikeNote
This trade was closed@1.2518 with 80 Pips profit. Subsequently, we went long from that levelNote
Going to my 1.25 level
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.