British Pound / U.S. DollarEducation
GBPUSD Outlook (18~22 Feb 2019)
Ichimoku MTF Analysis
Pair: GBPUSD
Weekly : Bearish - Corrective wave
Daily: Bullish - Corrective wave
H4 : Bearish - Corrective wave
Outlook: On weekly TF, GBPUSD rejected after hitting Kijun. A potential reversal on weekly candle. On daily TF, pair rejected the Kumo but below Kijun. A potential reversal of down trend but up trend not yet to be seen. On H4, pair still move within down trend channel. Down trend may continue to test the previous support.
Trading Plan: Looking for reversal from H4 corrective wave and take short as long as still within down trend channel and below Kumo.
Pair: GBPUSD
Weekly : Bearish - Corrective wave
Daily: Bullish - Corrective wave
H4 : Bearish - Corrective wave
Outlook: On weekly TF, GBPUSD rejected after hitting Kijun. A potential reversal on weekly candle. On daily TF, pair rejected the Kumo but below Kijun. A potential reversal of down trend but up trend not yet to be seen. On H4, pair still move within down trend channel. Down trend may continue to test the previous support.
Trading Plan: Looking for reversal from H4 corrective wave and take short as long as still within down trend channel and below Kumo.
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