GBPUSD bias
The daily timeframe has created a new higher high within its uptrend, giving evidence towards a lower timeframe bearish movement before continuation to a new daily higher high.
The 4h timeframes depiction of the daily higher high, looks to be overbought. I'd expect 4h price to create a downtrend within the daily exhaustion, giving the potential for short opportunities.
I'll look to the intraday timeframes for entries that match my strategies and trading plan.
What's your plan for GU?
The 4h timeframes depiction of the daily higher high, looks to be overbought. I'd expect 4h price to create a downtrend within the daily exhaustion, giving the potential for short opportunities.
I'll look to the intraday timeframes for entries that match my strategies and trading plan.
What's your plan for GU?
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.