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GBPUSD trade ideas

GBPUSD Holding Above Daily Pivot PointGBPUSD Holding Above Daily Pivot Point The GBPUSD pair is currently holding above the daily pivot point, indicating that bullish momentum is dominating today’s market. It is expected that GBPUSD may test the first daily resistance level at 1.3125. If the upward movement continues, it could extend to the second daily resistance level at 1.3166. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
3
GBPUSD Set To Grow! BUY! My dear friends, Please, find my technical outlook for GBPUSD below: The instrument tests an important psychological level 1.3091 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.3189 Recommended Stop Loss - 1.3036 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBP/USD Analysis visit fourtrades.com for more insite Daily Chart Insights (Image 1): The GBP/USD pair is currently testing a significant liquidity zone around the 1.30900 level. We observe that price action recently rejected from a previous high and is now dipping into this liquidity area, which could serve as a temporary support level. There's a possibility of a further drop to around 1.30000, a key psychological level where more buyers could step in. This setup suggests that we may experience a corrective move before any major reversal or continuation of the downtrend. 4-Hour Chart Analysis (Image 2): On the 4-hour chart, we see a clearer structure forming. Price has entered a no-trade zone marked by a liquidity area just above 1.30900. This suggests that institutions may be building orders here, waiting for retail traders to commit. If price breaks above this zone, a rally to around 1.31700 could be expected, where we find the next major area of interest. However, if we see a clear rejection, it would signal the start of a bearish continuation towards the 1.30000 liquidity level. 1-Hour Chart Breakdown (Image 3): Looking closer on the 1-hour chart, we notice a descending wedge pattern, indicating that the bearish momentum is weakening. However, caution is necessary, as the wedge can break either way. The yellow highlighted zone shows a consolidation period, where bulls and bears are battling it out. A break above this could target the 1.31700 resistance level, whereas a downside breakout might lead us toward the lower support zones at 1.30000 or even lower.
Short
by FourtradesTV
GBPUSD Understanding The StructureThe wedge like structure still in play and if price continues to trade within this structure. Then downside is less likely and eventually after a short correction to the downside we may see the Gbp make a sharp comeback against the Usd making it interesting to see a new top form within the structure. Please understand this is not financial advise/trading signal or even a Trade plan, simply speculation based on Trend lines and anticipation price behavior in a what if the structure remains intact scenario. Should the structure break the outlook can change and right now as it stands. I'm on the sidelines watching this pair.
by Trader_97
Market Fundamental Analysis for 8 October 2024 GBPUSDThe Pound-Dollar pair attracted some buying during the Asian session on Tuesday and so far seems to have broken a five-day losing streak, hitting a near four-week low near 1.31600 reached the previous day. However, spot prices are unable to consolidate above the 1.31000 mark, causing bullish traders to be somewhat cautious. Investors remain concerned that tensions in the Middle East could escalate into a larger conflict. In addition, not-so-optimistic comments from the National Development and Reform Commission (NDRC) overshadowed the recent optimism from China's stimulus measures and curbed investors' appetite for risky assets. This is evidenced by the overall weak tone in equity markets, which in turn could help drive inflows into the US Dollar and constrain the GBP/USD pairing. Meanwhile, Bank of England (BoE) Governor Andrew Bailey said last week that there is a possibility that the central bank could become more aggressive in cutting rates if there is further good news on inflation. This could help limit British Pound (GBP) gains and suggests that the path of least resistance for the GBP/USD pair lies to the downside. As such, any further upward movement could be seen as a selling opportunity and risks quickly coming to naught. On Tuesday, no market-important economic data will be released from either the UK or the US, so the dollar and the GBP/USD pair will depend on the Fed's words. Meanwhile, attention will be focused on the release of the FOMC meeting minutes on Wednesday. It will be followed by data on the Consumer Price Index (CPI) and Producer Price Index (PPI) in the US, which will play a key role in stimulating demand for the dollar and will give a new impetus to the currency pair. Trading recommendation: Watch the level of 1.31000, when fixing above it consider Buy positions, when rebounding we consider Sell positions.
by Fresh-Forexcast2004
GBPUSD Analysis: Slightly Bullish Bias on 08/10/2024.In today's analysis of the GBPUSD pair, we anticipate a slightly bullish bias driven by a combination of fundamental and technical factors. As we move through the trading session on 08/10/2024, traders are closely monitoring key economic releases and geopolitical developments that are expected to influence market sentiment. Let’s explore the primary drivers behind this expected bullish movement. Key Fundamental Drivers 1. Hawkish Sentiment from the Bank of England (BoE) The recent comments from the Bank of England (BoE) officials have been hawkish, signaling that further rate hikes could be on the horizon to combat inflation. With UK inflation remaining above target levels, the BoE's focus on tightening monetary policy to bring it down is a key factor supporting the British Pound (GBP). The market is pricing in the possibility of at least one more rate hike in the near future, which adds upward pressure on GBPUSD. 2. US Dollar Weakness Amid Softening Data The US Dollar (USD) has been showing signs of weakness as recent economic data from the US indicates a slowdown in key sectors, particularly the labor market and consumer spending. The Non-Farm Payrolls report released last week missed expectations, leading to speculation that the Federal Reserve may pause rate hikes sooner than anticipated. This dovish sentiment surrounding the Fed provides a tailwind for GBPUSD, as a weaker USD makes the pair more attractive for buyers. 3. Political Stability in the UK Political stability in the UK, especially in comparison to the uncertainties in the US, has helped maintain investor confidence in the British Pound. The UK government’s recent fiscal policy announcements have been well-received by markets, with investors expecting that these measures will support economic growth, adding strength to GBP in the short term. 4. UK Economic Data Today’s release of the UK’s GDP data will be crucial in setting the tone for GBPUSD. Positive GDP growth figures are expected to fuel further optimism around the British economy, reinforcing the bullish momentum for the Pound. Additionally, the services sector PMI data coming in stronger than forecasted last week suggests that the UK economy is performing better than many of its European counterparts. Technical Outlook From a technical perspective, GBPUSD is trading above its 50-day moving average, which is a bullish signal. The pair is also hovering near a key support level of 1.2150, and as long as this level holds, we could see further upside potential. RSI indicators also suggest that the pair is not yet overbought, leaving room for additional gains throughout the trading day. Key Levels to Watch: - Support Level: 1.2150 - Resistance Level: 1.2275 A break above the 1.2275 resistance level could signal further upward momentum, pushing GBPUSD towards 1.2300 in the near term. Conclusion: Slightly Bullish Bias for GBPUSD In conclusion, based on today’s fundamental factors and market conditions, we anticipate a slightly bullish bias for GBPUSD. With hawkish sentiment from the BoE, weakening USD, and positive economic data from the UK, traders can expect the pair to inch higher as the day progresses. Keeping an eye on key levels and economic releases will be crucial for capturing potential trading opportunities. Keywords: GBPUSD, GBPUSD analysis, GBPUSD trading, GBPUSD forecast, Bank of England, GBPUSD bullish, UK inflation, US Dollar weakness, forex trading, GBPUSD technical analysis, GBPUSD support levels, GBPUSD resistance levels, GBPUSD 08/10/2024, GBPUSD outlook, forex trading ideas, forex strategy, forex market analysis, forex trader
Long
by PERFECT_MFG
What Is Confluence in Trading, and How Can You Use It?What Is Confluence in Trading, and How Can You Use It? Confluence in trading involves the strategic alignment of multiple signals to validate trade decisions. This method is supposed to enhance the reliability of trade signals and allows traders to filter out low-probability outcomes. This article delves into the key components of confluence trading, its practical applications, implementation, and common mistakes. Confluence: Definition in Trading Confluence in trading refers to the alignment of multiple indicators or analysis tools to get stronger signals for decision-making. By combining various technical indicators, chart patterns, and support and resistance levels, traders can filter out low-probability setups and focus on higher-probability outcomes. For instance, confluence can involve using a moving average crossover, a support level, and an RSI reading below 30 to identify a potential buying opportunity. This multi-faceted approach helps validate the trade signal and potentially increases the likelihood of favourable outcomes​. The essence of confluence in forex trading and other assets is to provide a comprehensive view of the market, reducing false signals and offering a more reliable basis for decision-making. It acts as a confirmation mechanism, enhancing the accuracy of technical analysis and helping traders avoid overtrading by focusing only on trades with multiple supporting factors​. Key Components of Confluence in Trading Confluence in trading can be sought from multiple sources, including technical indicators, chart patterns, support/resistance levels, and other analytical tools. Some of the common confluence tools include: Indicator Signals Technical indicators are essential in confluence trading. Indicators like moving averages, Bollinger Bands, Relative Strength Index (RSI), Average Directional Index (ADX), and VWAP can confirm the same trading signal, potentially increasing the likelihood of an effective trade. For instance, a bullish signal from the RSI and ADX’s signal of the solid trend can provide a stronger confirmation for entering a trade than relying on a single indicator​. Traders can discover a wealth of confluence indicators and start trading in over 600 markets at FXOpen’s free TickTrader trading platform. Chart and Candlestick Patterns Chart patterns, such as cup and handle, rounding top, and diamond, are among key tools in identifying potential market movements. Candlestick patterns like san-ku, tweezer top and bottom, and hook reversal also play a crucial role. These patterns provide robust confluence points when they align with other technical signals. For example, a bullish san-ku pattern at a support level can indicate a buy signal​. Support and Resistance Levels Support and resistance levels, including horizontal lines, trendlines, and Fibonacci retracement levels, are foundational elements in technical analysis. These levels indicate where the price is likely to encounter obstacles. When a Fibonacci retracement level aligns with a horizontal support line and a rising trendline, it forms a strong point of confluence, suggesting a potential reversal or continuation of the trend​. Trend Analysis Analysing the overall market trend offers key insights into market direction. Traders often use trendlines or examine the sequence of highs and lows forming the trend to identify the direction of the market. Combining trend analysis with other technical tools, such as indicators or support/resistance levels, can potentially enhance the effectiveness of trade signals. For instance, trading in the direction of a confirmed trend and using confluence from other indicators might improve trade effectiveness​. Higher-Timeframe Analysis Higher-timeframe analysis involves looking at longer timeframes to validate signals seen on shorter timeframes. For example, a trend observed on a daily chart can provide context and validation for signals on an hourly chart. This method helps ensure that trades are aligned with the broader market trend, potentially reducing the chances of false signals. Fundamental Analysis Fundamental analysis, which includes economic indicators such as GDP, interest rates, and employment data, can be combined with technical analysis to strengthen trade signals. For instance, if technical indicators suggest a bullish trend and fundamental data supports economic growth, the confluence of these factors can provide a more reliable trade setup​. Time of Day Market activity varies throughout the day, with certain periods experiencing higher volatility and liquidity. Understanding the impact of different trading sessions can help traders identify optimal times for trading. For instance, false signals may occur during quiet periods of the market when prices are most likely to range, while more active session overlaps can be seen as offering stronger and timely signals. On the chart above, the New York session closed at 21:00 GMT (summer time) but the Sydney session didn't start. Therefore, the price of the AUD/USD pair ranged from 21:00 to 22:00. Other Considerations Ultimately, confluence isn't limited to the mentioned categories. Any analytical tool that a trader finds reliable can be integrated into their confluence strategy, including sentiment, positioning (for currencies, stocks, and indices, this can be derived from Commitment of Traders data), bull/bear traps, and Smart Money Concepts. The key is to ensure that the signals from different tools align and reinforce each other to create a robust and reliable trading setup. Practical Applications of Confluence in Trading Using confluence in trading is essentially about finding the optimal point where a manageable number of signals align, allowing for clear and quick decision-making. While leveraging too many indicators can result in conflicting signals and missed opportunities, relying on too few might not provide enough confirmation. The key is to develop a deep understanding of a few selected confluence factors that complement each other. Optimising Confluence Factors An ideal confluence setup uses a mix of different types of signals, such as those described in the categories above. For instance, a trader might focus on key support and resistance levels, combine them with an indicator or fundamental analysis, and understand the broader trend using higher timeframe analysis. However, this also applies to indicators; most traders typically rely on two or three indicators of different types, such as a momentum indicator (e.g., RSI), a trend indicator (e.g., moving averages), and a volume-based indicator (e.g., On-Balance Volume). Such an approach can provide a balanced and effective strategy by seeking confirmation from varied sources and reducing the risk of conflicting signals. Creating a Foundation for Confluence Trading In practice, it is down to the individual trader to determine their ideal mix of confluence factors. However, to form an effective basis for confluence trading, it’s wise to prioritise three specific factors before considering more timely aspects like chart patterns and indicator signals. 1. Top-Down Analysis: Markets are fractal, meaning that a lower timeframe trend is part of a higher timeframe trend. Using top-down analysis, where traders start from the highest timeframe and work downwards to the one most relevant to their trading, they can understand the broader market context and which higher timeframe trends may be directing lower timeframe trends. This holistic approach can ensure a trader stays on the right side of the market, following trends rather than fighting them. 2. Support and Resistance Levels: Nearly all markets naturally move between support and resistance levels since historical areas where prices found a bottom or top are likely to influence future price movements. This means that traders usually prioritise trades in areas of support or resistance as a basis for trades instead of treating these levels as simply another confluence factor. 3. Fundamental Analysis: Markets also move as fundamentals evolve. While it’s possible to create a strategy using just technical analysis, fundamentals will nearly always drive a currency, stock, or other asset’s price movements in the long run. Therefore, understanding the fundamental direction of an asset can form the basis of a trade that can then be confirmed with other confluence factors. Even if it isn’t the foundation of a trade, aligning yourself with the trend direction indicated by fundamental factors can help boost your chances of effective trading. How to Get Started Using Confluence in Trading To begin using confluence in trading, traders choose a few complementary forms of analysis to build out their strategy. For instance, combining top-down analysis, identifying support and resistance levels, and incorporating fundamental analysis or using two or three technical indicators can create a balanced approach without being overwhelming. Observing other traders' strategies can also provide valuable insights and ideas. Defining Entry and Exit Signals Once the strategy components are chosen, traders need to define the conditions that should be met before considering entry and exit points. For example, a bullish trade might require a higher timeframe uptrend, a pullback to a support level, and confirming signals from a technical indicator. These factors alone may be enough for a trade, while some may prefer to wait for a specific entry signal, such as a bullish candlestick pattern, to initiate the trade. It’s also important to consider and implement risk management practices to potentially limit losses. Backtesting and Forward Testing The next step involves backtesting and forward-testing the strategy. Backtesting can be performed using tools like TradingView's bar replay feature, allowing traders to simulate trades on historical data. While technical aspects can be thoroughly backtested, incorporating fundamental analysis in backtesting can be more challenging. When a trader is confident that their strategy shows positive results over a substantial number of trades (typically 50 to 100), they proceed to forward testing. Forward testing involves executing trades in real time using a demo account, which poses no risk to actual capital. This stage helps traders understand how their strategy performs under real market conditions, including factors like slippage and liquidity. It also allows them to gauge their emotional responses and discipline during live trading. If the strategy proves too complex or requires refinement, traders can make necessary adjustments before risking real money. Common Mistakes to Avoid When Using Confluence Strategy Confluence trading can enhance trading strategies by combining multiple signals to validate trade setups. However, traders must be cautious to avoid common pitfalls that can undermine the effectiveness of this approach. 1. Overcomplicating Analysis Using too many tools can lead to analysis paralysis, where conflicting signals cause confusion and indecision. It's best to focus on a few complementary tools to streamline analysis and maintain clarity in decision-making. 2. Ignoring Market Context Relying solely on technical indicators without considering the broader market context can lead to false signals. To make well-rounded trading decisions, it's essential to analyse the overall trend, support and resistance levels, and other relevant market conditions. 3. Neglecting Fundamental Analysis While technical analysis is powerful, ignoring fundamental factors can result in missed opportunities or unexpected losses. Combining technical signals with fundamental analysis, such as economic data and news, provides a more comprehensive view of the market. 4. Overtrading Trading too frequently, often in an attempt to recover losses or maximise returns, can lead to impulsive decisions and increased risk. Focusing on quality over quantity and sticking to the specific confluence factors you’ve outlined helps maintain discipline and improve the odds of the long-term effectiveness of your trading approach. 5. Poor Risk Management No matter how many confluence factors align, they will inevitably fail at some point—no strategy is 100% correct. It’s, therefore, crucial to establish and adhere to a risk management plan, including setting appropriate stop-loss levels and position sizes to potentially protect capital. The Bottom Line Mastering confluence in trading enhances decision-making and potentially increases the likelihood of effective trades. By integrating multiple signals and robust analysis, traders might achieve more consistent results. Start applying these strategies today by opening an FXOpen account, where you can practise and refine your confluence techniques in over 600 markets with more than 1200 trading tools. FAQs What Is a Confluence in Trading? The confluence meaning in trading refers to the alignment of multiple technical indicators, chart patterns, and other analysis tools to confirm a trade signal. This approach potentially increases the probability of effective trades by validating signals from different sources, making trading decisions more reliable and robust. What Are the Factors of Confluence in Trading? Factors of confluence in trading include technical indicators like moving averages and RSI, chart patterns such as a diamond, support and resistance levels, trendlines, and fundamental analysis. By combining these elements, traders can identify high-probability trade setups and potentially reduce the risk of false signals. What Is the Point of Confluence? A point of confluence is where multiple technical and fundamental indicators align, confirming a potential trade setup. This potentially increases the likelihood of an effective trade outcome, as it signals that various forms of analysis reflect the same market movement. What Is a Confluence Zone? A confluence zone is an area on a price chart where multiple technical indicators and analysis tools converge, creating a strong signal for potential price movement. These zones often mark significant support or resistance levels and provide traders with key entry and exit points. What Is the Confluence Trading Strategy? The confluence trading strategy involves combining different technical and fundamental analysis methods to validate trade signals. Traders look for areas where multiple indicators align, potentially enhancing the accuracy of their trades. This approach helps traders filter out low-probability setups and focus on high-probability opportunities, potentially improving overall trading performance. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
2
Bullish reversal off major overlap support?GBP/USD is falling towards the support level which is an overlap support that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3031 Why we like it: There is an overlap support level that is slightly below the 50% Fibonacci retracement. Stop loss: 1.2940 Why we like it: There is a pullback support that is slightly below the 61.8% Fibonacci retracement. Take profit: 1.3159 Why we like it: There is an overlap resistance level that is slightly above the 23.6% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
GBPUSD: Is the Current Decline Setting Up for a Strong Rebound? GBPUSD is currently trading around 1.309 in the early session on Tuesday. While the pair is moving in a downward trend, a closer look at the technical chart reveals a familiar wave cycle that appears to be repeating. In this scenario, GBPUSD could potentially gain bullish momentum after testing the support zone and the 34 and 89 EMAs. The long-term outlook for a price increase remains optimistic, as market sentiment continues to anticipate a Fed rate cut in the near future. Could this pullback be setting the stage for a strong rebound? Let us know your thoughts!
Long
by Pierce_Bowers
1
GBPUSd H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.3101, which is an overlap resistance. Our take profit will be at 1.3032, an overlap support level. The stop loss will be placed at 1.3157, which is an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
GBPUSD : Trading with the head and shoulders patternThe Head and Shoulders pattern in this chart is signaling a potential bearish reversal. Key area: If the price breaks below the neckline around 1.3040, we might see a continued downward movement. Target price: If the breakout is successful, the price could drop towards the 1.2815 zone. Strategy: You can consider entering a sell position if the price falls below 1.3040, aiming for 1.2815, with a stop loss placed safely above 1.3170 (right shoulder area). Wishing you all successful trades and good luck!
by Pierce_Bowers
GBPUSD POSSIBLE BUYThe market is currently testing the current daily Fib area 0.786. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern. We could see Buyers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Long
by WiLLProsperForex
6
Caution Advised: GBP/USD Faces Key Support TestingHello, The GBP/USD has surpassed our previous targets, but recent movements indicate increased downside pressure, with key support levels currently being tested. Caution is advised, as the price is now positioned below the 1-month, 1-week, and 1-day pivot points, suggesting further testing of support levels. While a potential upswing remains possible, careful analysis suggests the likelihood of continued bearish momentum in the long term from this point. TradeWithTheTrend3344
by TradeWithTheTrend3344
GBPUSDfollowing the down trend after the markets openning on monday we can see GBPUSD slowly retracting from the previous HHs trying to create a new LH before it can continue to new highs Technically we can see a bear flag pattern and if it breaks it will then move upwards but if it bounces back it will stay in the green zone i will be selling at the top of the grenn zone then Tp anywhere below it If you have any details or anything to ask feel fre to ask me in the comments i usually reply with in a few minutes
by SAMPLER36