InvestMate 💷💵 GBP/USD Potential For Accumulation 💷💵
💷💵 GBP/USD Potential For Accumulation
💷💵 Nearest strong support zone: around the 0.382 fibo level of the downward wave.
💷💵 Nearest strong resistance zone: around recent peaks.
💷💵 Technical environment:
📊 Moving averages: Downtrend
📊 MACD: Uptrend
📊 RSI: Downtrend
💷💵 Price action: GBP/USD Strongly bounced off the key level of 1.195. As you can see, this is a significant point on the chart. Looking at the behavior of the price on higher intervals, one can expect a continuation of the downward movement with a possible occurrence of a short accumulation before further declines.
📉 The scenario I'm playing out is a continuation of declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
💷💵 Nearest strong support zone: around the 0.382 fibo level of the downward wave.
💷💵 Nearest strong resistance zone: around recent peaks.
💷💵 Technical environment:
📊 Moving averages: Downtrend
📊 MACD: Uptrend
📊 RSI: Downtrend
💷💵 Price action: GBP/USD Strongly bounced off the key level of 1.195. As you can see, this is a significant point on the chart. Looking at the behavior of the price on higher intervals, one can expect a continuation of the downward movement with a possible occurrence of a short accumulation before further declines.
📉 The scenario I'm playing out is a continuation of declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
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Disclaimer
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.