Price has recently tested the long term bearish trendline and has also tested the 61.8% Fib level.
I will be looking to go short on a combination of 3 or more of these confluences:
If price fails to go lower and breaks + retested long-term trendline, it could be retracing towards this previous high
Previous Analysis on GBPUSD
https://www.tradingview.com/chart/GBPUSD/0aamrOPM-GBPUSD-October-Outlook/
I will be looking to go short on a combination of 3 or more of these confluences:
- Break and retest of level 1.36000
- Break and retest of Bullish Push Line
- Bearish Structure
- Bearish Candlestick Pattern
- Moving Average Crossover
- Strength on the DXY
https://www.tradingview.com/chart/DXY/JU8uyHo3-USD-Strength-DXY-Forecast-Pt-2/
If price fails to go lower and breaks + retested long-term trendline, it could be retracing towards this previous high
Previous Analysis on GBPUSD
https://www.tradingview.com/chart/GBPUSD/0aamrOPM-GBPUSD-October-Outlook/
Related publications
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.
Related publications
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.