GBPUSD: Exhuberant rally into monthly resistance
I'm looking to fade this leg, watching the daily uptrend signal expiration.
The area above is very, very interesting, keep a close watch.
Tomorrow's price action might reverse the FOMC extravaganza, albeit temporarily.
We'll know soon enough.
I'll update with my entry and stop loss reccomendation when I see a good entry short.
Don't forget there's a weekly uptrend in the background, so ultimately I think its possible that this retracement will be temporary and lead to higher highs after retesting the weekly mode or its whereabouts.
If we dip lower than the weekly mode, I'd wait for confirmation before going long again.
Good luck,
Ivan.
The area above is very, very interesting, keep a close watch.
Tomorrow's price action might reverse the FOMC extravaganza, albeit temporarily.
We'll know soon enough.
I'll update with my entry and stop loss reccomendation when I see a good entry short.
Don't forget there's a weekly uptrend in the background, so ultimately I think its possible that this retracement will be temporary and lead to higher highs after retesting the weekly mode or its whereabouts.
If we dip lower than the weekly mode, I'd wait for confirmation before going long again.
Good luck,
Ivan.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.