gbp is weak atm, trending down. I can see what looks like a small potentiall flag on the 4hr this could lead to bearish continuation, will be looking out for entries in the 1hr.
we've been trending up for a while according to fundamentals gbp is weak as well this flag formation could lead to possible bullish continuation, what do you think?
price is looking pretty bullish , we have what looks like a small rising wedge with a nice breakout of a bullish candle
broken trendline with retest, latest price action has been moving with bullish momentum
we've been trending to the downside forming a bearish channel , and we also have a double top formation which could lead to a continuation of bearish price action. on the on the other hand if we take a look at the latest price action price has been moving upwards which could lead to a breakout of the channel and then a continuation of bullish.
We have a double top inside the Channel with a nice rejection wick on the trendline and big candle with bearish momentum.
I see what could be a potential flag meaning this could continue to the upside after a breakout , something that could also happen now is a breakout of the support to become resistance and then price will head to touch the line of the flag one more time. I will be keeping an eye on this one for potential entries in the 1Hr timeframe , what do you think?
not a pro but trying my best to become a better trader everyday, interact with me and tell me your opinions on this idea! I'd love to read them!