British Pound / U.S. DollarUpdated GBPUSD idea
This pair is in an interesting place at the moment. You got the 200 and 100 Daily MA sitting right there on support zone . We broke the bullish trend line and we got a bearish trend line being rejected. We got a strong zone around 1.30000 zone that we been rejecting for awhile. It is forming a descending triangle formed. Here you got the Daily-4HR charts. We got a bit of divergence on the 4hr.
Long story short, if you looking for a sell, WAIT on the break-retest-reject of the 200 and 100 MA on the daily. It is a pretty strong zone so make sure to not get caught in the break of 1.30000. It could very well reversed up. As for a buy, I would like a break-retest-reject of the bearish trend line .
Long story short, if you looking for a sell, WAIT on the break-retest-reject of the 200 and 100 MA on the daily. It is a pretty strong zone so make sure to not get caught in the break of 1.30000. It could very well reversed up. As for a buy, I would like a break-retest-reject of the bearish trend line .
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DXY - If we break up, GU will crash. Keep an eye on it. It has been ranging for quite awhile now. Will we reject or break?
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Now that we have broke support, I would like a good retest-reject
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We had the retest-reject we were waiting for
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1HR view, Retest-Reject + engulfing candle
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on the 1hr view we even had a rejection of the 50 MA
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