GBPUSD is more likely to continue to the downside
there might be a little pull back then continue to the downside as it should but with every thing still trade careful with proper risk management
we are looking for a little push to the downside area to enter on a buy trade
from the Daily timeframe to the 4hrs the market has been in a overall bllish trend
REMEBERV no setup is a sure win
We are currently on a bullish market
So you know that in any market there must be push and exhaustion
So we are currently at the end of the exhaustion phase
We would be excepting a break of the previous LH (lower high) the a retest before going long
We would be expecting a possible buying opportunity here once the price reaches the bottom ascending trendline
Based on my analysis that's what I expect
This is no finiacal advice
It's just what I think that the market would do...
Remember to be cautious
Analyse the market before jumping into any trade ❤️❤️
I am expecting a double bottom confirmation before the major move up
REASONS BEEN : the pair doesn't have enough momentum to push higher so it has to retest the support the 2nd time thereby clearing the bottom OB the before the major move
Here we are in a overall bullish trend and here I am using the trends in trends strategy
I would be waiting for a break above the small bearish move to continue to the upside,the comes the restest of the break and am riding to the upside
Gold finally breaks out from the descending channel it's been in and it's now giving us a retest on the break out area ...
Here we have two scenarios...it's either that it shoots up from the support zone here or that it movest further down to clear out People's stoploss before heading back up
But for now I would be looking to for a double buttom confirmation
Price retraces from (SSR) to gather more energy and momentum to break pass it
There by clearing liquidity at the top
We are still in an overall bearish move down
We are expecting more bearish move to come since we had a break of structure and a counter trend forming so lets expect the market to break out of the suppy zone and create a FZ(FLIP ZONE)
have a lot of confluence on the higher time frame down to the lower timeframe
From having a BOS to a retest on a 1hr OB
That's two confluence to go long
Price completing an AB=CD pattern
And its heading down straight to the support zone before making any upside move
Am shorting because it has broken previous structure now creating a FZ(flip zone)
Am on the long run to the upside and happening to be expecting a possible break on the roof of the trendline or a retrace
Buh for now we be moving to the upside
