Scalpers
GBPUSD Price following the tunnel. Weekly were testedMy eyes see scenario of the continuation momentum up to atleast big zone where TP2 is.
If we look from Daily/Weekly picture we see on weekly how price fakeout. *There were news*
If we turn down we should watch for possible buys/sells depends what will price action tells us.
Overall we are in downtrend but still on Weekly Zone. Lets see
EURUSD Price in triangelIf we look on 4h we see price is in consulidation zone.
Price had serval rejactions on DAILY Zone i'm expecting price to drop to around 1.15600. There as we see on green zone we had many rejactions on 4h Timeframe.
If we draw trendline from 03.01.2017 to here. We get serval bounces from it. Lets see what will happen we can catch some nice waves if price will keep consulidate.
R:R = 1:2,5
EURUSD Still watching price to come test the trendline/zoneOverall we are in downtrend. But still looking for a potentional buy where i put my singal previous week.
Scenario 1: We can go test upper 4h Resistance zone and trendline and continue momentum down
Scenario 2: We break upper Trendline and zones and we go test bigger Resistance Zone.
Scenario 3: Like i draw now and still watching for buy limit to be activated. *Watch Previous setup of EURUSD*
Looking somewhere in blue bubble price will bounce
GBPUSD consolidation before any strong BreakI see price will come and test atleast one more time "Weekly/Daily support Zone" and possible bounce of trendline.
I think price needs little more fuel of consolidation before any strong break. Possible fakeouts!
If this scenario will respect my analysis we can catch nice waves.