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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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.
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.