Hello Traders,
As I said in my previous analysis on Eur/Usd, i come with Gbp/Usd.
On H4 we can see that the price breakout the resistance, this means that the price exit from the flat part.
I can see on MACD indicator a bearish divergence coming soon so,
I am expecting an upmove and at the next resistance a retracement from price.
Warning: I put a low SL because, if the price make a false break and is going below the actual level is going to be a flat, we can sell but is not the best idea!
Advice : On flat, the price don't have a power (Bull or Bear), that's why is better to wait for the price to exit the flat channel.
Enjoy it!
PS : Is my vision, make your own choices!
As I said in my previous analysis on Eur/Usd, i come with Gbp/Usd.
On H4 we can see that the price breakout the resistance, this means that the price exit from the flat part.
I can see on MACD indicator a bearish divergence coming soon so,
I am expecting an upmove and at the next resistance a retracement from price.
Warning: I put a low SL because, if the price make a false break and is going below the actual level is going to be a flat, we can sell but is not the best idea!
Advice : On flat, the price don't have a power (Bull or Bear), that's why is better to wait for the price to exit the flat channel.
Enjoy it!
PS : Is my vision, make your own choices!
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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.