My opinion on EURGBP. On the DAILY time frame, it closed Bearish.. then on the 4H, price broke the support level of 0.85520 then retested the new resistance level on a 4H.. I took a sell from that area. Entry: 0.85520 SL: 0.85720 TP: 0.84700 ( about 100 pips )..
My Opinion of GBPUSD Firstly, looking at the DXY / Dollar Index, we’d notice that price closed Bearish on the DAILY time frame. Now, let’s take a look at the GBPUSD. On the DAILY time frame of the GBPUSD, we’d notice that price seems to be respecting the trend line. We’d also notice that there’s a double bottom formed on the Support level (1.34400 ) on the...
In my Opinion Looking at AUDUSD on a Daily time frame, we’d notice that price closed Bullish.. and there’s every possibility price might Buy again till it hits the resistance then drop again to sell ( depending on how price plays out ). Since price closed Bullish on the Daily time frame , I expect price to reach the Resistance zone of 74.720, then I’d see how...