GBP/USD-Daily overview
Hello everybody, I want to share this with you!
-On a daily chart, we can see that the price reached a strong resistance level( we had multiple touches on that line so I consider it as a strong resistance level).
-We can see that the price is forming a double top pattern and that is a sign that the price might reverse.
-On stochastic indicator, we can see that the price formed bearish hidden divergence and that is a sign that trend might continue in that direction.
-On a weekly base, GBP is a little bit stronger than USD.
If GBP remains stronger than USD then we can expect bullish movement and If USD gains more power than GBP then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a daily chart, we can see that the price reached a strong resistance level( we had multiple touches on that line so I consider it as a strong resistance level).
-We can see that the price is forming a double top pattern and that is a sign that the price might reverse.
-On stochastic indicator, we can see that the price formed bearish hidden divergence and that is a sign that trend might continue in that direction.
-On a weekly base, GBP is a little bit stronger than USD.
If GBP remains stronger than USD then we can expect bullish movement and If USD gains more power than GBP then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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.
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.