-Hello everybody!
-On a 4-hour time frame, we can see that price retested a few times resistance line of the triangle pattern and the price continued moving in the bullish direction.
-We can see that price is supported by 100 periods EMA so that ie extra confirmation for a continuation of bullish movement.
-On a daily base, GBP is stronger than USD and on a weekly base, GBP is the strongest currency right now.
-If GBP remains strong we can expect a continuation of bullish movement and if GBP loses its power and USD gains some power we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 4-hour time frame, we can see that price retested a few times resistance line of the triangle pattern and the price continued moving in the bullish direction.
-We can see that price is supported by 100 periods EMA so that ie extra confirmation for a continuation of bullish movement.
-On a daily base, GBP is stronger than USD and on a weekly base, GBP is the strongest currency right now.
-If GBP remains strong we can expect a continuation of bullish movement and if GBP loses its power and USD gains some power we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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.
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.