The Curious Case of GBPUSD
Updated
GBPUSD still cant decide where to go.
i switch side to bull again
what i see so far,
ALT1 (Bull):
- D1 candle still have a wide gap. Gap should be filled.
- H4 still moving in a bull flag and price always hovering on top of channel
- if next week price still hovering on top of the upper channel, create bull flag or triangle, the target could be around 1.285xx - 1.287xx
ALT (Bear):
- If yellow trend line in the channel break, and price cant go back up, target could be around 1.256xx
maybe the trigger of this scenario will be on Jan 31st / Feb 1st. NFP or Fed Rate.
so before that, on mon & tue will be boring day without clear direction
i switch side to bull again
what i see so far,
ALT1 (Bull):
- D1 candle still have a wide gap. Gap should be filled.
- H4 still moving in a bull flag and price always hovering on top of channel
- if next week price still hovering on top of the upper channel, create bull flag or triangle, the target could be around 1.285xx - 1.287xx
ALT (Bear):
- If yellow trend line in the channel break, and price cant go back up, target could be around 1.256xx
maybe the trigger of this scenario will be on Jan 31st / Feb 1st. NFP or Fed Rate.
so before that, on mon & tue will be boring day without clear direction
Note
looks like H1 start forming a triangleNote
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