British Pound / U.S. DollarUpdated GBPUSD continues to make a new low..
I assume GBPUSD can either start to rise due to testing the daily support trend line as well as forming a doji on the 1H chart. If a bullish Harami or bullish engulfing bar forms on the 4H we'll be looking to go long.
OR..
Due to the sellers momentum it could continue to break through and reach my monthly support at 1.23800.
OR..
Due to the sellers momentum it could continue to break through and reach my monthly support at 1.23800.
Note
(For my journal) Price did in fact move bullish, until the GBP news came out to decrease the currency.
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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.