GBPUSD Daily a few Ideas
We have had a Double top form on the most recent high so my view here is that we will start to see a retracement.
Possible outcomes:
We could have a simple retrace to the 618 area of teh most recent impulse leg and then see a futher rise up
or
A possibel Bullish Cypher is forming, we were jsut shy og the 1.27 area of the B to C leg so it could be classed by some as invalid but this could see a drop down to the 786 area which was a area we previous found support and had a rise from
or
I could jsut be wrong and it sees a slight pull back before continuing upwards
Possible outcomes:
We could have a simple retrace to the 618 area of teh most recent impulse leg and then see a futher rise up
or
A possibel Bullish Cypher is forming, we were jsut shy og the 1.27 area of the B to C leg so it could be classed by some as invalid but this could see a drop down to the 786 area which was a area we previous found support and had a rise from
or
I could jsut be wrong and it sees a slight pull back before continuing upwards
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.