GBPUSD Bearish
• Monthly Top in place at 1.42 historical Resistance with a bearish reversal candles pattern
• Sep Bearish candle with higher volume
• Weekly uptrend lost momentum and correcting
• Weekly support zone at 1.3350 to 1.35 "Green zone"
• Daily bearish double top pattern
• Daily bearish wave formation with target at 1.33 100% fib extension "Blue zone"
• 4H Resistance at 1.3660 (50% fib ret) then 1.3720 (61.8%) "Red Zone"
Bias to downside
Plan to sell high
• Sep Bearish candle with higher volume
• Weekly uptrend lost momentum and correcting
• Weekly support zone at 1.3350 to 1.35 "Green zone"
• Daily bearish double top pattern
• Daily bearish wave formation with target at 1.33 100% fib extension "Blue zone"
• 4H Resistance at 1.3660 (50% fib ret) then 1.3720 (61.8%) "Red Zone"
Bias to downside
Plan to sell high
Nota
COT report of last week shows bearish bias, as non-commercial traders are more short than long and last week they added more short positionsNota
COT report shows bullish bias for USD indexNota
I may not post new trades as i am already in short positions since last week
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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.