The overall trend is uptrend which means that market will continue to buy . so but look at the chart we can see that price form so multiple resistance and is like go go down on resistance 4 . so selling is expected at arroung psychological level of 27500 and target profit at level of 27000
Four pairs on watch for me today, simple plays. Market needs to show its hand first, right now it is a case of staying composed and patient.
Fundamentals : UK's GDP is not as lofty as the US GDP. In fact, it is estimated that the UK's GDP will dramatically trend worse this year and throughout the year of 2023. Compared this to the USA, which will have a flat GDP to slightly lower GDP relative to the UK's. It is this big picture that I have in my mind that causes me to go short the pound. Technicals...
The British pound continues to come under selling pressure as the UK grapples with high inflation, caused by high energy prices, supply chain issues, and a cost of living crisis forcing consumers to lose confidence in their future economic prospects and drastically cut back on spending. The UK economy is expected to fall into a recession, whilst a recession in...
Hey Guys, GA is looking great from the higher timeframes for a longer-term move lower. I have just been tagged into my position for the short, the at least complete to the lows of the larger flag. I took this based on the lower time frame price action of having the first push and flag from the third touch of the larger structured flag. In this breakdown I...
Hi, friends lets look on GBPUSD chart window. We see big newly opening bears. And totally bulls involving around this volume. So i think its clear short. Thanks to x-lines script we have target for downward trend: 1.2369, 1.2330. More about X-Volume indicator - link below. Waiting for your likes!