Previous Monthly Candle was a huge Bearish move. Not expecting for price to shoot up. Expecting more of a price continuation. Daily Fib currently around 23.6% 4H Showing resistance and Sell candles forming. If Pound drops it will go hand in hand with GBPJPY Analysis. See related Ideas
Although still on bearish trend but I am counting on reversal from strong feb point. Will go for long from this point.
Thoughts on BXY being weak in the coming days. I'll be shorting GBPXXX pairs coming week if I find a viable setup
I've been observing the GBP index.... It's quite interesting as it has been flowing in line with d channel... It's down the Support channel of which we are mainly looking for the GBP on a Bullish perspective for the long run on... This is only a trade idea as we don't just take this.. we have our rules for entering nmand exiting... Simply follow your own rules...
I look trend GBP very strong at time frame H1, H4. However GBP still same condition with covid-19 like other country, the first lockdown at there and AUD. Until now AUD not yet significant growth up.
It is the same as the EUR pair, i mention earlier
My last idea said I am going Long on GBPUSD this week and this is supporting that Idea
Clear breakout of monthly descending triangle Divergence spotted on weekly and daily Retracement target 138.37 before up trend continues or not