Technical Analysis Summary GBP/USD
TREND ANALYSIS
We have 1 Upward trend in green color (Long Term) that was broken today keeping it up for explanation. The red line is the new downtrend. Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have 1 4h support level that is protected by the 15 min support level that I have mentioned above in the chart if broken we will be seing a big drop for GBP since it is a critical support line.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are stop losses or levels and trends that were respected from the past.
Yellow Levels are tighter stop losses and generally will be used after trade is in small profit to start lowering the loss in case trade goes against us.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment If you find this content beneficial, please don't forget to LIKE and FOLLOW
Trading Involves High Risk Not Financial Advice
TREND ANALYSIS
We have 1 Upward trend in green color (Long Term) that was broken today keeping it up for explanation. The red line is the new downtrend. Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have 1 4h support level that is protected by the 15 min support level that I have mentioned above in the chart if broken we will be seing a big drop for GBP since it is a critical support line.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are stop losses or levels and trends that were respected from the past.
Yellow Levels are tighter stop losses and generally will be used after trade is in small profit to start lowering the loss in case trade goes against us.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment If you find this content beneficial, please don't forget to LIKE and FOLLOW
Trading Involves High Risk Not Financial Advice
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 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.