I am sharing a chart with a trading idea for educational purpose which I hope some of you will find interesting.
Of course, as always, exercising due diligence with this content and before every trade is your responsibility.
We are waiting for the break of our trend line - as the USD is gaining strength and the GBP has got a lot of short orders against the Dollar.
What can we see technically?
- Daily bearish ,
- weekly bearish
- bounce from the demand zone zone.
- we can see the trend beginning to add long positions to correct.
- we have made lower lows and lower highs- showing the...
If price can break 76.83 then we could see something to the upside. However, I believe that we will see price pushing down as demand is close by where price currently is and it's weak. There has been a lot more
supply and resistance areas formed over the past few days and I'm looking for a new possible downtrend to form.
