GBP:USD (SELL)
BEARISH Bias:
- DOW in action with series of LH & LL
- Strong Daily Support broken, which will now be a strong Resistance
- Price Action moving in Descending Channel
- Huge Bearish Engulfing candle on Daily Chart
- 3-Black Crows on Hourly Chart
BULLISH Bias:
- Bullish Hammer (Pin Bar) formed on 4-Hourly Chart
My BIAS:
SELL close to Daily Resistance (around 1.37500)
SL: 1.38350
TP1: 1.34860 (above Daily Support line)
TP2: 1.34140 (above Daily Support line)
- DOW in action with series of LH & LL
- Strong Daily Support broken, which will now be a strong Resistance
- Price Action moving in Descending Channel
- Huge Bearish Engulfing candle on Daily Chart
- 3-Black Crows on Hourly Chart
BULLISH Bias:
- Bullish Hammer (Pin Bar) formed on 4-Hourly Chart
My BIAS:
SELL close to Daily Resistance (around 1.37500)
SL: 1.38350
TP1: 1.34860 (above Daily Support line)
TP2: 1.34140 (above Daily Support line)
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