GBPUSD - bottom out here? holds or not??#GBPUD.. market just trying to bottom out here.
sterling is at his most important support of the week and month that is around 1.2950
keep close that supporting region and if market hold it in that case we can expect again bounce form here.
good luck
trade wisely
Sterlingpound
Bullish movementEnglish
First of all, we have a bearish structure on monthly timeframe, on weekly and daily is the same, but looking at it on 1h and 4h looks bullish with HH and HL, I believe the price is going up because of its structure and I´ll be waiting for it to get in the 200% extension and then have a retrocement in the 1.27 level, the market usually does those kind of movements.
Let´s see how the market continues.
*THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE*
Español
Primero que todo, tenemos una estructura bajista en mensual, semanal y diario, pero viendo el precio en 1hr y en 4h tiene una estructura alcista con altos más altos y bajos más altos, creo que el precio irá arriba debido a su estructura y estaré esperando a que llegue al nivel 200% de la extensión del Fibo y luego agarrar su retroceso hasta el nivel 1.27, el mercado suele hacer ese tipo de movimientos.
Veremos cómo continúa el mercado.
*ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
Sterling show a possible up correctionHello guys, in H1 and H4 timeframe indicators show that Sterling Pound is oversold, and then, we could to get a benefited of the correction of this par that maybe it's could be to up. Now, it's very important that in H1 timeframe we entry with a price action strategy, so, we have a grant bullish candlestick, but now, we hope a confirmation of this par to entry there.
Maybe, as we see a oversold indicator using the RSI, the most important is to find up between 50-60 pips of earnings and not much, because when the indicators make a bullish divergence, that mean a possible up correction, in case if was bullish divergences.