For long opportunity I will enter if it hits 50% fib for a better Risk/Reward
Looking at the weekly chart, there could be a potential downside continuation on this pair
Expecting another one to the upside
The Fed declared they won't add interest cuts , usd got weak on Monday. We will see if it continues to be weak against gbp and eur as well.
look at the Monthly candle stick. could possibly go lower
waiting for a slight pullback for a better risk/reward
Watching this pair's next move closely for a retracement. The market needs more accumulation in order to reverse.
Waiting for a pullback and a retrenchment at least to 38.2 fib level
Based on the price action the price is likely to continue its move to the next R level up.
Must wait :) Downtrend is pretty strong and the market is still indecisive.
GBPAUD been in a downtrend for a long time and now needs to take a breathe before continuation. This pair is on my watch list this week, with a good risk/reward trade.