š·šµ GBP/USD A Chance For A Double Top š·šµ
š·šµ GBP/USD A Chance For A Double Top š·šµ
š·šµ Nearest strong support zone: around the 0.236 level of the entire upward wave.
š·šµ Nearest strong resistance zone: around recent peaks.
š·šµ Technical environment:
- Moving averages: uptrened
- MACD: Uptrend
- RSI: Uptrend
- Supertrend: Downtrend
š·šµ Price action: GBP/USD Still holding below the vicinity of its local highs, today's US CPI inflation data (6.5%) brought us another attack on the 0.618 level of the entire downward correction. I expect a continuation of the increases and an attack on the recent local highs. The candlestick formation and the fact that the downward correction is completed, support my scenario.
š·šµ The scenario I'm playing out is an attack on the recent local peaks I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
š·šµPlease do not suggest the path I have outlined with lines it is only a hypothetical scenario.
š If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. š
š·šµ Nearest strong support zone: around the 0.236 level of the entire upward wave.
š·šµ Nearest strong resistance zone: around recent peaks.
š·šµ Technical environment:
- Moving averages: uptrened
- MACD: Uptrend
- RSI: Uptrend
- Supertrend: Downtrend
š·šµ Price action: GBP/USD Still holding below the vicinity of its local highs, today's US CPI inflation data (6.5%) brought us another attack on the 0.618 level of the entire downward correction. I expect a continuation of the increases and an attack on the recent local highs. The candlestick formation and the fact that the downward correction is completed, support my scenario.
š·šµ The scenario I'm playing out is an attack on the recent local peaks I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
š·šµPlease do not suggest the path I have outlined with lines it is only a hypothetical scenario.
š If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. š
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ššššššššššššššššššššššššššš
š² To keep up to date with all my activities I invite you to visit my Telegram š²
š² t.me/Investmatez š²
ššššššššššššššššššššššššššš
š² To keep up to date with all my activities I invite you to visit my Telegram š²
š² t.me/Investmatez š²
ššššššššššššššššššššššššššš
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.