Howtoforex
GBPUSD Follow up Analysis and education 12-02-2022This is a follow up analysis for the GBPUSD. what we saw last week from the technical perspective was price going up to fill up liquidity before heading down. fundamentally, the news impact from the US and earlier raised interest rates from UK Caused lots of mixed sentiments and reaction
in the market.
If price breaks the demand zone below, we can expect the price to fall further, otherwise lets look for swing term sell opportunities. Let us trade with caution. Lets go take some risks, lets go make some money.
EURUSD Follow up Analysis 12-02-2022This post is totally for educative purposes. Last week was sort of a war in the financial markets as there were lots of news reports that made very huge impacts in the markets. as investors digested the news. This is currently where eurusd lies . Before this move, the bulls had full control of the markets. If the demand zone below is broken, eurusd may go further bearish.
Lets trade with care this coming week. Lets go take some risk, lets go make some money.
GBPAUD POTENTIAL LONG.Depending on how this unfolds we could potentially see a huge swing move to the upside. Essentially a break and retest of one of 2 zones, resisting trend line or monthly resistance. I am unsure what is happening fundamentally but this move may not happen at all. After minor top down (basically may have missed something) I can see this moving roughly 8-900 pips up to the next monthly resistance, which may give us a great summer.
This again will take days if not weeks to unfold correctly. This is where our patience is tested most. Swinging to the moon this time.