I think GBPUSD will go lower for a few reasons. First, candles show the change of trend in weekly time frame. Second, price reached strong resistance level and has reaction. Third, in weekly time frame, wave patterns was completed! So, any correction in lower time frames for example H4 , H2 , H1 , M30 can be potentail sell area.
This pair is in low trend in daily chart. It is clear that the best area to sell is in correction area! there is a strong resistance showed above. The price touched one time in its correction and ready to fall down. I think there is possible to touch resistance again and the scenario...
In my point of view, it is in high trend and it touches daily trend line again to complete the wave pattern. it is strong resistance and may has a deep reaction in daily chart as depicted above. So, I continue my analysis an low time frames like m30! in this time, I mean m30, we have potential Buy area to reach the trend line. But Trend Line....
This pair is in low trend channel. It is reached strong resistance level in daily chart! it seems a correction and then continue to down. So based on wave compilations and also fibo levels in M30, I think there is the best potential sell area as depicted above.
it is strong buy position zone! look at the waves and trend lines. it is not a signal but a personal analyze.
Considering H4 chart, it is in low trend and meanwhile in correction. Waves are ready to complete, and it seems to reach resistance area showed above which it is expected to have reaction and continue to down! So, I think we ca see potential sell area as depicted above.
based on daily chart, we see low trend and correction in H4,... So, I look for sell position in this pair. After compilation of waves in correction and also fibo levels, I think potential sell zone depicted above can be attractive area to be more analyze!
In my view, EURUSD can rise and reach the resistance zone. Now, it is in a correction after rise and this could offer us a buying opportunity. But considering the resistance showed above I look at sell position. In conclusion, sell is my strategy after complete the waves.
it seems to continue down and then I wait a perfect position to buy. but at right now it is sell! I think it can go up to touch 0.65720
Hi in daily chart we can see reverse pattern and also, in lower time frame is going to complete the waves pattern, so in my view it can be potential sell zone!