Analysis of GBP/USD
This is my setup on the daily timeframe from last week.
The setup is no longer valid, as there is a possibility that the price will continue in a downtrend if the Dollar maintains its bullish momentum.
I will definitely wait for the market to open on Monday to see how the price will guide me in terms of trading.
We shouldn't make assumptions about what will happen, but rather do our analysis and let the price show us what it intends to do. Based on that, we can open positions accordingly.
The setup is no longer valid, as there is a possibility that the price will continue in a downtrend if the Dollar maintains its bullish momentum.
I will definitely wait for the market to open on Monday to see how the price will guide me in terms of trading.
We shouldn't make assumptions about what will happen, but rather do our analysis and let the price show us what it intends to do. Based on that, we can open positions accordingly.
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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.