#GBPUSD SELL OPPORTUNITY
Обновлено
In D time frame and 4H time frame we are in bullish corrective move phase and price reached the important Daily resistance area and also yesterday price managed to formed a shooting star candle which is showing us the the selling intend of the participant.
In 1H time frame we have 144 EMA just above the price which act as a resistance and also last 1H candle was a shooting star which confirm last Daily candle. Also yesterday price had broken the wedge from below and as a result this bullish move could also means as a pullback and our wedge trend line can also act as an important resistance for the price.
if price fail to come over the arrow which is the high of this lower time bullish corrective move, then we can technically say this lower time bullish corrective move has ended and we can see another impulsive drop.
1st target would be 1.35500, but I believe price can see lower prices like 1.34800
Overall, we expect for the price to have another drop to lower prices and from there we can look for the long time buying opportunity but at the moment price looks bearish.
In 1H time frame we have 144 EMA just above the price which act as a resistance and also last 1H candle was a shooting star which confirm last Daily candle. Also yesterday price had broken the wedge from below and as a result this bullish move could also means as a pullback and our wedge trend line can also act as an important resistance for the price.
if price fail to come over the arrow which is the high of this lower time bullish corrective move, then we can technically say this lower time bullish corrective move has ended and we can see another impulsive drop.
1st target would be 1.35500, but I believe price can see lower prices like 1.34800
Overall, we expect for the price to have another drop to lower prices and from there we can look for the long time buying opportunity but at the moment price looks bearish.
Заявка отменена
price moved above the price which was shown by the arrow, then technically no trading in GBPUSD yet
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