GBPUSD Trading Idea for 12th-16th Jul 2021
Wick rejection and bullish pin bar have been created
predict it will hit 50% and 61.8% soon
additional confluence is that
BXY (weekly timeframe) created Bullish Pin Bar
GBP/XXX Bullish
XXX/GBP Bearish
and DXY (weekly timeframe) created Bearish Pin Bar
XXX/USD Bullish
Hence, GBP/USD Bullish
predict it will hit 50% and 61.8% soon
additional confluence is that
BXY (weekly timeframe) created Bullish Pin Bar
GBP/XXX Bullish
XXX/GBP Bearish
and DXY (weekly timeframe) created Bearish Pin Bar
XXX/USD Bullish
Hence, GBP/USD Bullish
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