Ending 7 day Up trend From last week
comes coming to an end
expecting next week to begin
the push downwards in
line with our forecast for the next
few weeks
Up trend from last week
has exhausted at its third burst and has fallen through its trend line
This indication of reversal is further confirmed by a cross of the 50 Ma under our
200 which is a key...
This is my GBPUSD analysis .... I'm Expecting a strong trend reversal on GBPUSD taking the up trend previously ended by a deep drawn down after reaching a new resistance , and reverting it into a bearish trend that I see drawing up a bearish structure over the next few days. More specifically my favorite , Downward Stairs case . preparing to make multiple entries...
More than likely the set dependent upon breach of resistance will occur given that the overall trend of the market is bullish......
With that being said the trend looks to be coming to an end and the market is going into a state of either consolidation or trend reversal via
correction wave increase in strength. examination the trend of the market will show the...
