GBPUSD is going down. But How Far down?
Updated
Hey guys, in this video, you will see my thoughts and perspective on the direction of the GBPUSD.
Please pardon the sound quality. I had some issues with sound this morning. There was the temptation to not send it out because of the poor sound quality, but I thought it was better to send it out anyway, as i am convinced this piece of information will be helpful to a few or more persons.
Comment with your thoughts. Give a boost if you agree, and if you don't, still give a boost, but share your perspective in the comment section. I will like to learn a thing or two from you too.
Please pardon the sound quality. I had some issues with sound this morning. There was the temptation to not send it out because of the poor sound quality, but I thought it was better to send it out anyway, as i am convinced this piece of information will be helpful to a few or more persons.
Comment with your thoughts. Give a boost if you agree, and if you don't, still give a boost, but share your perspective in the comment section. I will like to learn a thing or two from you too.
Note
On the 1-hour chart, we see that this market is in a bullish swing. Price has come into our demand zone, and from there has begun a bullish reversal. There is a strong probability of the price moving bullish in the direction of the 1 hour chart, clearing the 1 hour liquidity above, and going all the way into our deeper 4 hour supply zone before its final bearish descent.
As you well know, trading is a game of probabilities, and all we strive for is to point out the probability that is the most probable.
What are your thoughts on this?
Note
We are beginning to see short term bullishness on the 11 hour. Price is moving according to our analysis. Let's see how long this continues.
Remember, the secret to profitable trading is PATIENCE! So we will patiently wait for it to unfold.
Note
As we had anticipated, prices have soared higher right into our zone. We are expecting prices to resume a bearish reversal from there.
Our Bearish move towards the Daily and Weekly target is expected to be set in motion at this point.
We will patiently wait for the reversal and a confirmation, following which we will look to join the downtrend.
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