Short idea for this week. GBP major falls last week, and I think it will continue, all TF point to the downside, including weekly, daily, 4h. Price is heading for a major weekly support level in place since 2017. I think it could reach the first target of 1.90600 easily. Onwards to 1.89200 then.
Been waiting for some pullback but doesn't seem to be happening since bearish pressure is so strong What's your opinion on this pair today? ALL tf pointing to the downside...
So again let's see a large push to the downside, DXY is climbing. Htf bias Respecting s/r levels and trendline Counter trendline EMA
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Okay so higher timeframe breakdown Weekly - We have a rejection, pin bar from the trendline which is ideal for short positions Daily - Reacting from the TL also 4h - Bearish PA starting to come into play. 1h - Target first 139.600 area. 120 pip possibility. Opinions? Important levels marked in beige, from weekly and daily charts.