GBPUSD: Correction on the TOP of the STRUCTURE!
Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.[/I]
Lower timeframe:
As we previously forecasted, we were looking for a potential move to the upside, which it happened during the past couple of weeks.
Most of USD pairs look like are going to move in the same direction, and for most of them the overall bias is similar.
When, where and why would we step into the market?
Currently, the price didn’t break the structure yet, but it’s correcting the previous move and more continuation is expected if the continuation is confirmed.
A deeper consolidation is needed before entering any long position, and out setup could be ready by the next few sessions.
Keeping an eye on this market is a must considering the interesting possibility!
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.[/I]
Lower timeframe:
As we previously forecasted, we were looking for a potential move to the upside, which it happened during the past couple of weeks.
Most of USD pairs look like are going to move in the same direction, and for most of them the overall bias is similar.
When, where and why would we step into the market?
Currently, the price didn’t break the structure yet, but it’s correcting the previous move and more continuation is expected if the continuation is confirmed.
A deeper consolidation is needed before entering any long position, and out setup could be ready by the next few sessions.
Keeping an eye on this market is a must considering the interesting possibility!
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.[/I]
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