GBPUSD Long Term Analysis (Daily Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 2 Downtrend in red color (Long Term and Short Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are stop losses or levels and trends that were respected from the past.
Good luck everyone, stay safe!
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Gbpideas
GBPUSD NEXT SESSION IDEAS (Long)Supppp snipers, hope everyone had a greed day today. So i got another play for yall. Check it out, GBP has been rising fairly consistently today, at least for the latter half of the day. So with this in mind, we can safely assume long positions until we see some form of major rejection.
As i have marked in the ellipse, the three candles basically confirm the direction to continue upwards, the third engulfs the second and the second and the first have the same size body. On top of that we are on top of the 2 EMA's. Price action is very strong in the bulls direction and i will continue to wait until we hit the first resistance i have marked. Depending on price action we will adapt to the market. It is possible to see a pull back then a continuation from that level, or the level could just be smashed and we can follow price to the next level.
Remember, use proper risk management and dont be FOOLISH.
TRADE SMART< TRADE ACCURATE< TRADE PRECISE
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