GBPUSD, H4
There are 2 scenarios here.
first, we establish that on H4, we're in a downtrend.
secondly, there is a channel boundary with which price has rallied for a long time.
SCENARIO 1
our first bias with a probability of 70% is for price to break line A to 1.35XX level (23.6fib) and heads on to line B (38.2fib) before coming back to line A there forming a H&S pattern. Then the bulls set in.
SCENARIO 2
we have a downward trend and if price makes a retest of line A, we may be looking at going short until the broken trendline marked beneath.
first, we establish that on H4, we're in a downtrend.
secondly, there is a channel boundary with which price has rallied for a long time.
SCENARIO 1
our first bias with a probability of 70% is for price to break line A to 1.35XX level (23.6fib) and heads on to line B (38.2fib) before coming back to line A there forming a H&S pattern. Then the bulls set in.
SCENARIO 2
we have a downward trend and if price makes a retest of line A, we may be looking at going short until the broken trendline marked beneath.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.