GBPUSD - 4hOverall trend is downtrend, and I am looking for a sell position.
We should wait and see what will happen.
There are 2 possibilities:
1. (Green line)
Price increases the supply zone, then drops. Besides, supply and Fibo 78.6 are overlapped.
2. (Red color)
Price increases and reaches the support zone, then drop. Supply zone in between Fib 61.8 & 78.6.
(DO NOT ENTER WITHOUT ANY CONFIRMATION)
Gbpusdforecast
GBPUSD | Perspective for the new weekThe British pound struggled to float above the 1.20000 area before the end of last week's trading session to keep the hopes of a reversal pattern hanging. In this video, I explained in detail how to take advantage of either possibility during the new week with updates coming up in the early hours of the new trading week...See you soon!
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GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.21050
TP: 1.18540
SL: 1.22880
Bias: Short
The dynamic support and resistance of this pair is demonstrating a bearish bias. The oscillations and momentum study show that the pair is yet to wait for a big move but we can expect a short term price drop.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.21623
TP: 1.19132
SL: 1.23783
Bias: Short
Our technical analysis of this pair shows a medium probability set up for a short opportunity. Considering the historical momentum and other driving forces like oscillations and volatility we are planning to go for a sell trade.
GBPUSD probability long for 1.2480#gbpusd, monthly and weekly charts bearish. In Daily chart 15th June formed inside bar confined within the range of the previous bar, did not breach previous bar low, closed off the high. 16th June daily bar breach previous day inside bar high which confirmed strength for coming days. First supply zone 1.2210-2155 for long if fails to hold then next level for long is 1.2045-1995 for target 1.2480.