GBPUSD CATCHUP!
Hope Everybody had a great Xmas... Quite surprised with certain market
movement especially sterling.
Around a week ago my most recent GBP/USD analysis was published.. A bearish sentiment coupled with a specified target projection at: 1.4750
As long as the price remains below major RES/ former Supp: 1.5000
then there are no specifics to take a long entry.
100 PIPS further (If target is achieved) I will then be stepping back to await P.A to signal a bounce or a break (lower).... maybe to the FIB extension 2.
Happy trading
Hope Everybody had a great Xmas... Quite surprised with certain market
movement especially sterling.
Around a week ago my most recent GBP/USD analysis was published.. A bearish sentiment coupled with a specified target projection at: 1.4750
As long as the price remains below major RES/ former Supp: 1.5000
then there are no specifics to take a long entry.
100 PIPS further (If target is achieved) I will then be stepping back to await P.A to signal a bounce or a break (lower).... maybe to the FIB extension 2.
Happy trading
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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.