GBPUSD - Trading below RESISTANCE zone
Updated
Generally, the direction is downtrend.
Downtrend Side: The bearish trend is expected to persist as long as trading remains below 1.3033. If the price can fall to 1.2934 and continue trading below this level, there is potential for further decline toward 1.2808 and below 1.2624.
Correction: The price may ascend to make a corrective move upward, potentially reaching 1.3033.
Uptrend Side: The price needs to rise and close above 1.3033 on a 4-hour candle, followed by a breakout above 1.3206 and 1.3157, to confirm the bullish trend toward 1.3266.
Tendency Keys: 1.2934
Downtrend Side: The bearish trend is expected to persist as long as trading remains below 1.3033. If the price can fall to 1.2934 and continue trading below this level, there is potential for further decline toward 1.2808 and below 1.2624.
Correction: The price may ascend to make a corrective move upward, potentially reaching 1.3033.
Uptrend Side: The price needs to rise and close above 1.3033 on a 4-hour candle, followed by a breakout above 1.3206 and 1.3157, to confirm the bullish trend toward 1.3266.
Tendency Keys: 1.2934
Trade active
The price is currently in an upward correction towards the resistance level of 1.3033, awaiting negative momentum to initiate a bearish trend toward 1.2934.
There is a possibility that the price may extend its correction above 1.3157.
Trade active
trades below the 1.3033 toward 1.2934.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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