ANTICIPATED RISE FOR THE GBP

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Current Market in the 4HR time frame demonstrates that the pair has been Bearish in recent days. The pair has reached the bottom linear level.

However there is still a somewhat of a choppy/ indecision movement and further confluence can considered due to the fact that the pair is significantly low on RSI.

The pair is also approaching a significant zone which has been used as a good support in the last recent months.

It can be predicted that the pair may approach the zone which can then be used as support and be followed up by a bullish movement.

In terms of entry, it should be anticipated for the market to reach the support with a instant execution of a BUY OR await a bullish indication can be anticipated.
Trade chiuso: stop raggiunto
Looking for a possible re-entry.
Trade attivo
Re-entered.
Trade attivo
Support and ResistanceTrend Lines

Declinazione di responsabilità