This is how i traded for GBPUSD, based on the following reasons FIBONACCI CONFLUENCES ZONE EMA 50 CLOSE ABVE
What i see in the price it retesting on fibo level, supported with SUPPORT AND RESISTANCE AND TOUCHING 200EMA, This confluences indicates, A LONG POSITION.
Waiting to retest at the trend line and make 1:3 rewards ratio.
head and shoulder formation,this setup is good for a long term investment, hopefully it could give a slight idea of what happen in this pairs.
Most likely this would go down, there is 51percent chance about it, ill go short for a moment with this pair and long in a couple of days,
this pair will go long for a moment, and retest the resistance zone, this will go down deep, before it goes up, for a moment, ride for a long position in short time, then GO SHORT.
usdjpy pairs will go long for a shortmoment, lets wait what happens next
Lets see what happens next in this area, will it test to go bullish positions, or the bears will take the lead, to lead at the support zone, Ill go for this one, as previous candle tell me so. Wait for proper execution in this matter