GBPUSD POSSIBLE REVERSAL - ANALYSIS BASED ON PRICE ACTION!
A reversal is possible around 1.2434 area which is a support zone. This could rack up to 50-100pips to the downside IF fulfilled.
NOTE: Wait for confirmation before jumping on this trade. Clue: Candlesticks Patterns LIKE - evening star candlestick, engulfing etc..., can indicate reversal after hitting this support zone.
This analysis is invalid if SUPPORT ZONE is broken/clear break/true break TO THE UPSIDE- this is also very important.
COMMENT PLS!
NOTE: Wait for confirmation before jumping on this trade. Clue: Candlesticks Patterns LIKE - evening star candlestick, engulfing etc..., can indicate reversal after hitting this support zone.
This analysis is invalid if SUPPORT ZONE is broken/clear break/true break TO THE UPSIDE- this is also very important.
COMMENT PLS!
Note
*****************RESISTANT ZONE***********not a support zone pls!
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.