Lawrence_212

Lawrence_212

Second view of GBPUSD

Lawrence_212

Generally DXY has been strong with the double bottom on the 4hr tf, so I hope to see the bear run on pairs having USD as the quote. With what looks like a HS pattern, I only see this analysis valid if the right shoulder forms.

Lawrence_212

Expecting a push to the previous resistance

Lawrence_212

Like, comment, subscribe

Lawrence_212

Previously I sent out my analysis on this pair but I was waiting for a breakout. Didn't want to trade against the trend. Well the confirmation came and it went our way.. Like, comment and subscribe if you took the trade

Lawrence_212

Please make sure you have confirmation before placing this trade

Lawrence_212

The overall trend is bullish. But from the 4hr chart we have an ascending triangle close to the support. It will be interesting to watch how this plays out. But I feel the bears will this one atleast for a short term.. To be on the safe side wait for a breakout or better confirmation.

Lawrence_212

Please consult your personal analysis

Lawrence_212

Don't forget to like and comment..

Lawrence_212

The overall concept for this set up is simple... Trend is bullish... From the daily chart you can spot the head and shoulder pattern... But I'm looking towards the downward support to hold strong and create a double bottom

Lawrence_212

The overall trend is bullish so we should be looking for good buy set up.... From the 1hr and 4hr time frame we can see a good head and neck structure so believe the bears will try to ride the market to the nearest support and more bull pressure will push the market to new highs.. Looking to break the last high (resistance)and for it to turn support.. Don't forget...

Lawrence_212

The pair is on a historical area of resistance. It will be interesting to see how this pair plays out... The overall trend from the weekly chart is bearish but we can see some bullish pressure creating a bullish trend from the 4h timeframe.. But as a long term trader I believe having price at a good resistance and on the downward trend line from the weekly...