GBPUSD "UPorDOWN"
This is what i see in GU @ the moment.
A: we could be looking at a ranging market between R2 & R1. (buy the bottom/sell the top)
B: we're looking @ a quad top & could be looking for a sell @ the break of R1 with a target of 50-100 pips.
C: Lease less likely, MACD up, Trend is Up as well (above the cloud) & because the recent pivot low the possibility for a pivot high is still in the air.
GBPUSD
A: we could be looking at a ranging market between R2 & R1. (buy the bottom/sell the top)
B: we're looking @ a quad top & could be looking for a sell @ the break of R1 with a target of 50-100 pips.
C: Lease less likely, MACD up, Trend is Up as well (above the cloud) & because the recent pivot low the possibility for a pivot high is still in the air.
GBPUSD
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.