GBPUSD Daily Analysis
W - Neutral, price made a strong wick candlestick at the last support
D - Bearish, LL's and LH's price is in a bearish trend, I will be cautious about a reversal because of the rejection candle on the weekly timeframe
DXY - Neutral, ascending wedge at the last major resistance
Swing entries -
I am not interested in any shorts right now because of the rejection candle on the week, if price retraces back to 1.37 and shows signs of rejection I will enter a long position.
scalping entries -
if price retraces to 1.378 area I will be looking for a long position.
D - Bearish, LL's and LH's price is in a bearish trend, I will be cautious about a reversal because of the rejection candle on the weekly timeframe
DXY - Neutral, ascending wedge at the last major resistance
Swing entries -
I am not interested in any shorts right now because of the rejection candle on the week, if price retraces back to 1.37 and shows signs of rejection I will enter a long position.
scalping entries -
if price retraces to 1.378 area I will be looking for a long position.
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