Daily inside bar and long lower shadow
Market: GBPUSD
Trend: Daily Bullish
Resistance Level: 1.27519, 1.31963
Support Level: 1.23368, 1.22044
Price Analysis: Inside Bar, Shadow
Overview: An inside bar occurred. Market is confused where to go.
The price actually is in the support area which is at the crossed EMA. The candlestick showing a long lower shadow indicating that the buyers is trying to control the market.
This makes me to believe that the price will rise up and will test resistance level 1.27519
Important: This is my personal opinion and I did not responsible on any loss if you are following my guideline.
Trend: Daily Bullish
Resistance Level: 1.27519, 1.31963
Support Level: 1.23368, 1.22044
Price Analysis: Inside Bar, Shadow
Overview: An inside bar occurred. Market is confused where to go.
The price actually is in the support area which is at the crossed EMA. The candlestick showing a long lower shadow indicating that the buyers is trying to control the market.
This makes me to believe that the price will rise up and will test resistance level 1.27519
Important: This is my personal opinion and I did not responsible on any loss if you are following my guideline.
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