GBPUSD SHORT FORECAST Q2 W15 Y25 MONDAY 7TH APRIL 2024
First and full most, It looks good! However, it's important to approach with caution... much like always.
Pay attention to the previous weekly closure. Yes is it showing a rejection BUT in terms of us always expecting a wick fill prior trading in the opposing direction, Would an immediate short make sense?
We need to see clear price action showing us that it is not interesting in retracting the previous weekly wick with clear bearish movement.
More on the set up descriptions later in terms of text but I trust the chart analysis speaks 1000 words.
FRGNT X
First and full most, It looks good! However, it's important to approach with caution... much like always.
Pay attention to the previous weekly closure. Yes is it showing a rejection BUT in terms of us always expecting a wick fill prior trading in the opposing direction, Would an immediate short make sense?
We need to see clear price action showing us that it is not interesting in retracting the previous weekly wick with clear bearish movement.
More on the set up descriptions later in terms of text but I trust the chart analysis speaks 1000 words.
FRGNT X
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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.