Gpusdanalysis
GBPUSD not convinced yet here is whyGBPUSD
Im still not quite sure and convinced of this
price move.
I still want to confirm how this price action
ends up closing on monday or tuesday .
If u look at daily chart we have been respecting
this bearish trend line but did not quite closed
above it on daily
I would have been convinced if it closed above
On the 4h chart this 2 scenarios i want to see for BULLISH OR BEARISH price action
Update on GBPUSDIf you followed my previous analysis, now that you've hit TP, congratulations to you. But if there are some of you who don't use the TP or TP further, you can take some profit and move the SL to break even. Because on the daily timeframe the price has started to move towards the kumo cloud, we are still waiting for confirmation whether the price will bounce when it hits the kumo or enter it. However, due to the strong bullish momentum, I think the price could break above the kumo and head towards 1.37, so we'll see what happens.