GBPUSD WEEKEND ANALYSIS
Technical summary
1D- price is in a corrective upward move in reference to the overall downtrend. Momentum has started decreasing indicating we a near a potential are where price can start falling once again....BUT it can easily go to 1.30414 before beginning the descent.
4H- RSI divergence is evident indicating a change of trend is likely to occur, I don't think it has completed forming so we shouldn't rush to sell as of now
LOWER TFs- There is no a clear CHoCH yet....so it still can rise before considering to fall
Fundamental summary
Wednesday and Thursday next week are full of high impact news such as FOMC and unemployment claims, so we should expect some crazy moves during those times.
Not advised to enter any position shortly before now release if you are not an experienced fundamental trader.
1D- price is in a corrective upward move in reference to the overall downtrend. Momentum has started decreasing indicating we a near a potential are where price can start falling once again....BUT it can easily go to 1.30414 before beginning the descent.
4H- RSI divergence is evident indicating a change of trend is likely to occur, I don't think it has completed forming so we shouldn't rush to sell as of now
LOWER TFs- There is no a clear CHoCH yet....so it still can rise before considering to fall
Fundamental summary
Wednesday and Thursday next week are full of high impact news such as FOMC and unemployment claims, so we should expect some crazy moves during those times.
Not advised to enter any position shortly before now release if you are not an experienced fundamental trader.
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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.