GBPUSD > Two Scenarios Ahead of NFP..
Analysis on #GBPUSD
After yesterday major GBP news you would expect more bullishness strength in the market but it seems the opposite maybe because it was priced in already or it is just a pause ahead of the NFP release
>> the market currently testing its 4h support at its previous swing while it is not advisable to commit to trade before today big news, you can expect the market to find some support here
>> on the opposite side when the market makes this deep of retracement you can expect a weakens in the market and you will have less of a probability of a rally, so if the market breaks and closes below the support level I will then look for a sell which my preference
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Dear traders, the best "T H a N K Y O U" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational
After yesterday major GBP news you would expect more bullishness strength in the market but it seems the opposite maybe because it was priced in already or it is just a pause ahead of the NFP release
>> the market currently testing its 4h support at its previous swing while it is not advisable to commit to trade before today big news, you can expect the market to find some support here
>> on the opposite side when the market makes this deep of retracement you can expect a weakens in the market and you will have less of a probability of a rally, so if the market breaks and closes below the support level I will then look for a sell which my preference
________________________________________
Dear traders, the best "T H a N K Y O U" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational
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