GBPUSD Daily Analysis
W - Bearish, price broke the last low but was able to digest all of this weeks momentum so now we have a doji forming at the level. it is only thursday we still have a little bit of the week left so I will wait to see the candle stick it prints before changing my long term bias.
D - Neutral, price broke the major support but then with a lot of momentum broke back above. price does not seem to be respecting this level
DXY - Neutral, price is at the last major support I will wait to see what it does
Swing entries -
I am going to wait on swing trades until I see how the market reacts around 1.37
Scalping entries -
price is looking a bit over extended so if I found an opportunity for a short I will ride it to 1.37
D - Neutral, price broke the major support but then with a lot of momentum broke back above. price does not seem to be respecting this level
DXY - Neutral, price is at the last major support I will wait to see what it does
Swing entries -
I am going to wait on swing trades until I see how the market reacts around 1.37
Scalping entries -
price is looking a bit over extended so if I found an opportunity for a short I will ride it to 1.37
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.