GBPUSD bearish in the 1h TF, but at the bear channel Low
GBPUSD 1.5563
It looks very bearish on the hourly time frame, however, we are at the major channel low and at two measured-move compilation (small and big black arrows)
Buying this pair is considered a counter trend, however, looking to the daily time frame we are at a major support and the low of a Major bigger bullish channel
I don't see any value of selling this lows
It looks very bearish on the hourly time frame, however, we are at the major channel low and at two measured-move compilation (small and big black arrows)
Buying this pair is considered a counter trend, however, looking to the daily time frame we are at a major support and the low of a Major bigger bullish channel
I don't see any value of selling this lows
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.