Weekly-Montly GBP/USD chart analysis
Updated
It is proven that history often repeats itself on every aspects
As we can see at the GBP/USD Chart, in 17th Apr 2018 GBP reach its peak at 1.43767 and start falling deep afterward
the trend as we can see right now is still Bearish and if it continues, the chart might go down to 1.29514
I put Resistance and Support line on the chart for more confirmation before entering the market and if it falls below the Support line, the chart would strongly continues the Bearish trend really deep
If the market goes above the Resistance Line, it would the new Bullish trend with unknown strength
As we can see at the GBP/USD Chart, in 17th Apr 2018 GBP reach its peak at 1.43767 and start falling deep afterward
the trend as we can see right now is still Bearish and if it continues, the chart might go down to 1.29514
I put Resistance and Support line on the chart for more confirmation before entering the market and if it falls below the Support line, the chart would strongly continues the Bearish trend really deep
If the market goes above the Resistance Line, it would the new Bullish trend with unknown strength
Order cancelled
the price moves above resistance level
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.