GBPUSD Daily Continuous Chart
GBPUSD Daily Continuous Chart
Since Dec 14 price has been weaving in between a defined range with exception of dec 28 creating a new high. I suspect we see evidence if price will be seeking higher prices confirming a bull market.
Recent range is in a premium. Price is bouncing up from the equilibrium levels.
Last week price took out equal lows and sell stops suggests that while I think we will go lower in the earlier part of the week, potentially Monday, that price will seek the buy stops and rally to weekly BISI.
That is if we are still in a bull market?
Since Dec 14 price has been weaving in between a defined range with exception of dec 28 creating a new high. I suspect we see evidence if price will be seeking higher prices confirming a bull market.
Recent range is in a premium. Price is bouncing up from the equilibrium levels.
Last week price took out equal lows and sell stops suggests that while I think we will go lower in the earlier part of the week, potentially Monday, that price will seek the buy stops and rally to weekly BISI.
That is if we are still in a bull market?
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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.