GBP/USD New Entry To Catch More Than 200 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Gbpusdupdate
Institutional Sell build up.Since price has been dropping very harshly lately, Price has left areas that the market could go and trade at.How ever looking at the chart making new highs price could be going for high resistance runs to pruge the buy side liquidity before proceding to have another sell off again. This means instatutions having their sort term buy orders baught at the discount and planning to sell on a premium market. The BB might not be effective but it's an area of high probability.
GBPUSD - EXPECTED BUYING NOW COMINGGBPUSD has retraced to Fibonacci retracement
level of 0.382 (1.2477). I am now expecting this
to move up to test the previous high in the coming
days
Also Stoch RSI in a downward trajectory which
would support a quick sell before the move back up
continues
See previous analysis
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