GBPUSD has fallen considerably this week since reaching the key level of 1.36. Cable now finds itself trading just below the 1.355 level however the price has found some support on the 1hr time frame. The RSI levels on the 1hr time frame reflect that price is in oversold regions which adds to our long bias. The target of this trade is located at the previous high...
This is what I'm looking at for a Monday, the initial push up had retraced to below the 50% then made a push up and at the moment has not made a lower low or broke the high. I have my two structure lines and it's when those areas have a good 1hr Candle closure that i'll start looking at this a bit deeper
Hi guys I think BPG/USD will decrease because we have overvalue in the RSI and the price break ( it will be completely or we have a false break out in my opinion it will break out )
FX:GBPJPY Taking a shot at a GBPJPY long for decent RR, sundays can be choppy especially with election BS, trade smart, trade careful, start the week with low risk and work it up. BUILD A CUSHION FOR THE WEEK.
TECHNICAL ANALYSIS: GBPCHF, price broke a previous support level and is now retesting this level as resistance. Will look for a short trade after price action confirmation.
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