GBPUSD 4H Analysis, 30th June 2021
Weekly Trend : Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1:
1.38000 is a key level area and is holding as a strong support for GU in Daily timeframe. Even bearish is in control right now, there's still potential upside movement today for GU, for intraday trade i'm targeting 1.39000
Trade scenario 2: To take short position we would like to see a new LL and then new LH/retest of the support become resistance zone to have a good RRR. Or we could spot a continuation chart pattern being formed in 4H
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1:
1.38000 is a key level area and is holding as a strong support for GU in Daily timeframe. Even bearish is in control right now, there's still potential upside movement today for GU, for intraday trade i'm targeting 1.39000
Trade scenario 2: To take short position we would like to see a new LL and then new LH/retest of the support become resistance zone to have a good RRR. Or we could spot a continuation chart pattern being formed in 4H
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