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Gbpusdsetup

GBPUSD | Perspective for the new weekA reversal pattern was identified on the 4H time frame as the pound appears to have bounced up to erase previous losses in recent time. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Inverse Head and Shoulder) NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBP/USD Weekly Short Strength ConfirmedHey Guys! The Gbpusd Weekly chart formed a Fake Double Top last year which reached its target height level last week. Indicating strong weekly short strength at least to a monthly upward trendline at 1.2247. Considering this is on the weekly chart, a set up like this is quite rare. So although I will be trading through biases long or short like usual, I much rather have short biases form so I can trade along with this weekly short momentum. Just a heads up guys! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
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