Timeframe: Week
Direction: Sell
With Brexit uncertainty and overall bearish price action over last week and this week, shorts should be looked for over the coming weeks.
-Stochastic is curling up and potentially crossing over..give it some time
-trend meter has 3 red bars
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Direction: Sell
With Brexit uncertainty and overall bearish price action over last week and this week, shorts should be looked for over the coming weeks.
-Stochastic is curling up and potentially crossing over..give it some time
-trend meter has 3 red bars
Follow my free telegram for trading ideas: t.me/forex_ideas
Comment:
Some very high volatility was seen yesterday due to Brexit on GBP pairs. We will have to see how the week ends.
Comment:
Seen some upwards buying. 0.618 level is being tested as of now. Look for confirmation on either end here
Comment:
Price was rejected near the red line ensuing possible further decline. Although on the daily, the pair has been down trending, but on the weekly price has been trending up until May 2019 in which it started a downtrend based on a double top formation. From this level we can see we had a pull back/correction this week, as seen on the daily, but I do believe further decline is warranted over the next coming weeks. It will be interesting to see how today ends and how the weekly candle ends.