GBPUSD
Note: (MARKET IS REACTIVE AND NOT PREDICIVE)
From a daily perpective, price has clearly broken the support zone and has created a an impulse to the downside .
After an impulse we expect a correction otherwise known as a retracement.
Since market price moves in waves, Price can retest the box before making another impulse to the downside. Making a move to the target of 1.19768
(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )
With this over 200 pips can be caught.
Kindly note that there is a downtrend line drawn for easier visuals.
Monitor price action on the 4H timeframe; Entries will be initiated using one hour or four hour timeframe.
(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )
تم فتح الصفقة:
PRICE HAS SHOWN A MINOR REJECTED AND SEEMS TO BE MOVING DOWNWARDS
تم فتح الصفقة:
PRICE IS DECLINING NICELY AND WHILL HIT THR TARGET IN HOURS.
FIND AN OPPORTUNITY TO ENTER THIS TRADE.
FIND AN OPPORTUNITY TO ENTER THIS TRADE.
تم حذف الأمر
Hopefully it will continue following the analysis.
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