Technical Confluences:
- The previous Supply Zone broke and have moved up towards the next Fibo Retracement level at 100%
- Stochastics have started to reversed off the Overbought conditions
- Resistance Trendline present
- Another Interest Zone is right above the Price Action; should see price consolidating or bounce off this zone
Fundamental Confluences:
- No difference from previous posting
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Previous positioning got stopped out after market continued the Soft Landing narrative which sent the USD lower and GBP went higher.
Will take a new entry here with SL levels above the Interest Zone and will consider the Support trendline and the 78.60^ Fibo levels as the starting TP levels.
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- The previous Supply Zone broke and have moved up towards the next Fibo Retracement level at 100%
- Stochastics have started to reversed off the Overbought conditions
- Resistance Trendline present
- Another Interest Zone is right above the Price Action; should see price consolidating or bounce off this zone
Fundamental Confluences:
- No difference from previous posting
-----
Previous positioning got stopped out after market continued the Soft Landing narrative which sent the USD lower and GBP went higher.
Will take a new entry here with SL levels above the Interest Zone and will consider the Support trendline and the 78.60^ Fibo levels as the starting TP levels.
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Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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.