GBP/USD-Daily analysis
Hello everyone
-On this pair i have noticed that price is moving in ascending triangle and the brake out happen at Friday and price brake through triangle resistance line with nice bullish candle.On currency strength meter GBP is very strong currency on daily and weekly base and USD is way more bellow GBP so the price might keep pushing in bullish direction.
-Also the price has broken the resistance line of the so-called double top which is highlighted in yellow and this gives us additional confirmation that the GBP is going in bullish direction.
-For the buy I will wait for the price to fall to the previous resistance zone from double top and then wait to retest and conformation signals on lower time frames...If this is going to happen or maybe the price will keep pushing eve higher without retest...
THANKS FOR READING :)
-If you have some different opinions please let me know and if you like this please hit that like button and give my support,i will appreciate all support
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
-On this pair i have noticed that price is moving in ascending triangle and the brake out happen at Friday and price brake through triangle resistance line with nice bullish candle.On currency strength meter GBP is very strong currency on daily and weekly base and USD is way more bellow GBP so the price might keep pushing in bullish direction.
-Also the price has broken the resistance line of the so-called double top which is highlighted in yellow and this gives us additional confirmation that the GBP is going in bullish direction.
-For the buy I will wait for the price to fall to the previous resistance zone from double top and then wait to retest and conformation signals on lower time frames...If this is going to happen or maybe the price will keep pushing eve higher without retest...
THANKS FOR READING :)
-If you have some different opinions please let me know and if you like this please hit that like button and give my support,i will appreciate all support
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
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