Market Update: After trading lower than anticipated, GBP/USD is showing signs of resilience with a return to bullish momentum! 📈💪 Keep an eye on key levels as we navigate this potential rally. Stay tuned for insights and analysis!
As the GBP/USD currency pair has experienced a notable pullback over the past three weeks, it’s essential to examine the underlying market dynamics and technical indicators that may signal a forthcoming shift in sentiment. The recent decline has occurred against the backdrop of a pronounced upward trend on the higher timeframes, suggesting that the pullback may be...
As EUR/USD continues to navigate the turbulent terrain of the forex market, it has shown signs of a pullback in the previous week that has caught the attention of traders. Despite the recent upward movements, the overall trend remains decidedly bearish. This pullback could serve as a critical juncture for the pair, as it either reinforces the downtrend or signals...
1. Head and shoulders pattern on 4hr 2. Broke the H&$ pattern a week ago. 3. Has been on the drop eever since. 4. Looking forward to continuation down. 5. Strategically taking shorts as it progress.
Setup Off the 30 Min Hanging Man candlestick with confirmation.