Ichimoku Cloud
GPBUSD Short Heavily On Higher ChartWe have thoroughly analyzed the pair since Monday of this week on our website and video channel.
Overall on the weekly and daily frames is in a downtrend.
On D1 gave cloud test signal.
On H4, the selling force is still dominating.
If the support above H4 is broken, the futures of the pair will continue to fall.
EURGBP proper setups! According our observations, there are just a little more sellers in the market. Remeber we could just gauge traders which are not big players in the forex market.
Most main important levels are 0.8690,0.8595 and 0.8520. We use the rest of them just for riskfree and saving profits.
We'll long around 0.8595 and also we aim to short the pair around 0.8690. the 0.8520 level is another good option to long in next weeks.
4h OB
Ichimoku horizontal levels
Buyers and Sellers levels
GBPUSD up to sell down on the big time frameI spent 2 hours and 30 minutes studying the charts and summarizing it for you.
Please note that this is a plan and market entry conditions will vary from time to time.
You need to consider the momentum of the candle as well.
GBPUSD is still moving in the range of H4 but the general trend on major charts like Daily and Weekly shows that the pair is still in a downtrend.
DXY (US INDEX) showing bearish momentumOn the daily time frame, the index shows a bearish momentum. The weakening of the dollar showed from June and became clear from the beginning of July until now.
My trading strategy is to sell on the rally. Now is a good time to continue selling on technical charts.