preparing for a long on gbpusd
daily resistance ( orange line )
weekly resistance ( redline )
bearish momentum on gbpusd still going strong
i would wait for the 1.32 area for a long trade
what i want to see is a bullish candle engulfing or a doji implying that the bearish move is exhausted and also divergence would give me more indication of a reversal move upward
weekly resistance ( redline )
bearish momentum on gbpusd still going strong
i would wait for the 1.32 area for a long trade
what i want to see is a bullish candle engulfing or a doji implying that the bearish move is exhausted and also divergence would give me more indication of a reversal move upward
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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.