GBPUSD| BELOW PIVOT LINE
For the price to confirm a potential upward movement, it must break above the 1.2624 level and close a 4-hour candle above it. Such a breakout would signal bullish momentum, with the next target set at 1.2729.
However, if the price remains confined within the current channel and fails to surpass the 1.2624 resistance, the bearish trend will remain dominant. In this scenario, the price is expected to decline further, initially targeting 1.2530, with a potential extension toward the next support level at 1.2433. This downward movement would indicate continued selling pressure and a lack of bullish confirmation.
Tendency Keys: 1.2624
Resistance Line 1.2624, 1.2729, 1.2808
Support Line: 1.2530, 1.2433, 1.2310
However, if the price remains confined within the current channel and fails to surpass the 1.2624 resistance, the bearish trend will remain dominant. In this scenario, the price is expected to decline further, initially targeting 1.2530, with a potential extension toward the next support level at 1.2433. This downward movement would indicate continued selling pressure and a lack of bullish confirmation.
Tendency Keys: 1.2624
Resistance Line 1.2624, 1.2729, 1.2808
Support Line: 1.2530, 1.2433, 1.2310
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
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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
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.
about 4 Analysis per day.
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
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
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.