GBPUSD - More Details on Analysis
Updated
Monday and Tuesday we see consolidation printed as sideways (struggle between bulls and bears)
Tuesday - Wednesday we see a bullish break of structure (fake out / trap) late tuesday, early wednesday bearish break of structure (fake out / trap).
Remember when consolidation happens it will create an actual divergence on the chart. higher high and lower low. as if the market is confused because of
the struggle between the two.
After divergence on chart, convergence will happen to make a final decision before the actual BREAKOUT, which happened thursday.
Now we see it is bullish and now we expect to retrace at the golden zone and make more bullish.
This is just my bias based on my own analysis.
*This is not a financial advise.
Tuesday - Wednesday we see a bullish break of structure (fake out / trap) late tuesday, early wednesday bearish break of structure (fake out / trap).
Remember when consolidation happens it will create an actual divergence on the chart. higher high and lower low. as if the market is confused because of
the struggle between the two.
After divergence on chart, convergence will happen to make a final decision before the actual BREAKOUT, which happened thursday.
Now we see it is bullish and now we expect to retrace at the golden zone and make more bullish.
This is just my bias based on my own analysis.
*This is not a financial advise.
Note
Two high impact news ahead. care now!Note
price now at 1.11668I marked 1.11373 hoping it reverses at that point based on volume profile
Note
we wait monday. have a blessed weekend wherever y'all are.
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