GBP/USD-Daily chart analysis
Hello traders!
-On this pair we can notice that price break trough strong support line(blue line) and price also break trough 50 EMA.
-I recommend to wait for retest and then we can see what to do,if price retest the resistance and then reject then we can try to find conformation to go short.If price break trough resistance then we can wait for retest and then try to find conformation to go long.
-On daily base GBP is weaker than USD and the price may keep pushing in bearish direction.
-For buy and sell opportunities try to find it on lower time frames(4 hour and 1 hour time frame,...)
-ALWAYS BE PATIENT ABOUT TRADING AND YOU WILL HAVE BETTER RESULTS!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
-On this pair we can notice that price break trough strong support line(blue line) and price also break trough 50 EMA.
-I recommend to wait for retest and then we can see what to do,if price retest the resistance and then reject then we can try to find conformation to go short.If price break trough resistance then we can wait for retest and then try to find conformation to go long.
-On daily base GBP is weaker than USD and the price may keep pushing in bearish direction.
-For buy and sell opportunities try to find it on lower time frames(4 hour and 1 hour time frame,...)
-ALWAYS BE PATIENT ABOUT TRADING AND YOU WILL HAVE BETTER RESULTS!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.