THE MEERKATS VIEW ON GBPUSD H4 SHORT
Updated
H4
PRICE HAS ALREADY RESPECTED THE UPPER DAILY TRENDLINE WHICH ALSO COINCIDES THE 50% LEVEL.(1.22393)
PRICE HAS BROKEN THE LOWER DAILY TRENDLINE AND LOOKS TO BE HEADING 1.21298. IF THE BEARS DECIDE TO GO ON A RAMPAGE, EXPECT THEM TO REACH LEVELS 1.20235
MACD IS SHOWING DOWNTREND.
M15
[RICE HAS ALREADY BROKEN AND RETEST. LOOK FOR SELL.
PRICE HAS ALREADY RESPECTED THE UPPER DAILY TRENDLINE WHICH ALSO COINCIDES THE 50% LEVEL.(1.22393)
PRICE HAS BROKEN THE LOWER DAILY TRENDLINE AND LOOKS TO BE HEADING 1.21298. IF THE BEARS DECIDE TO GO ON A RAMPAGE, EXPECT THEM TO REACH LEVELS 1.20235
MACD IS SHOWING DOWNTREND.
M15
[RICE HAS ALREADY BROKEN AND RETEST. LOOK FOR SELL.
Trade closed: target reached
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