GBPUSD shifted massively away from where we ended in Week 18. Any traders going long at any point of time would have made a good profit.
With such a strong bullish move except for a short pullback at level 2, can the trend continue on through Week 19? Well, the analysis suggested that we will be looking at a downward rally soon before the price continues back its bullish track.
Week 18 ended with a strong bullish move after the NFP and it stayed at its weekly high at close. That is a pretty strong statement of bullish power.
However, it has broken it's level 2 bullish zone, thus we are expecting some form of consolidations which might lead to a reversal if a reversal pattern occurs, if not it can continue an extended bullish move.
The analysis is suggesting a possible short opportunity in Week 19, which I agree. I am also looking at a longer-term bullish move might resume after the short term bearish move.
I hope all traders continue to make good profit in Week 19.
If my analysis helped you in any way, please like and follow me, thanks for your support!
With such a strong bullish move except for a short pullback at level 2, can the trend continue on through Week 19? Well, the analysis suggested that we will be looking at a downward rally soon before the price continues back its bullish track.
Week 18 ended with a strong bullish move after the NFP and it stayed at its weekly high at close. That is a pretty strong statement of bullish power.
However, it has broken it's level 2 bullish zone, thus we are expecting some form of consolidations which might lead to a reversal if a reversal pattern occurs, if not it can continue an extended bullish move.
The analysis is suggesting a possible short opportunity in Week 19, which I agree. I am also looking at a longer-term bullish move might resume after the short term bearish move.
I hope all traders continue to make good profit in Week 19.
If my analysis helped you in any way, please like and follow me, thanks for your support!
