This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
The 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought
Fib Retracement confirms a target to the Short side
Take Profit is Derived from Pivots
Hello traders, as we see after the market broke our previous low with a massive downtrend impulse it came back to retest the flipzone which is were the market is at now. If you going to sell this market, look for your bearish confirmation properties.
Trade Reasons
1) Multiple Daily lows in form of liquidity present at 10.13102 areas
2) Structure shift to the downside
3) Possible Retest into the imbalance above at structure(demand & supply) levels
4) Potential +47,500 ticks to be made
GBPUSD has fallen for 4 days so we should be expecting some pullbacks. Perhaps continuation in previous weakness in USD. Some US stocks are still awaiting Rally so weakness in USD should be definitely expected.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
The pair is poking the upper vortex and I see in other pairs that dollar is getting strong and the stock market may drop sharply. I don't know if is going to break up this time but if is rejected is highly probably that is going try again and before another attempt I would open another long position.
