GBPUSD - LOOK for POSSIBLE SHORT next few days after Pull Back
A-Summary: ( BEARISH MONTHLY Pin BAR Forming!!)
GBP has been weak across most pairs last week!
Would IT continue Down ??
Trend Monthly CHART (PIN BAR forming !) / WEEKLY Engulfing BEAR Bar so far.
See WEEKLY CHART :
See DAY CAHRT :
IF we see last week – WEEKLY candle close below 150.496 (Previous Week Candle Low) will be good for continue DOWN Trend likely
B-This Coming WEEK Analysis:
1- Will likely see a Bounce Off Fibs 50% Zone at 150.765 & Weekly S/R @ 150.555
Closed Friday nite was 150.681 (Lets see Monday Actual Close !!)
a) & Continue its short term TREND Down OR possible consolidate here (Zone ) for a while
b) Breaking OFF of the Rising Channel !!
CHEERS Stay NIMBLE & TRADE SAFE !!
NB: Look out for next few candles H4/H1 Movement-b4 ENTRY Either SHORT or LONG !!
GBP has been weak across most pairs last week!
Would IT continue Down ??
Trend Monthly CHART (PIN BAR forming !) / WEEKLY Engulfing BEAR Bar so far.
See WEEKLY CHART :
See DAY CAHRT :
IF we see last week – WEEKLY candle close below 150.496 (Previous Week Candle Low) will be good for continue DOWN Trend likely
B-This Coming WEEK Analysis:
1- Will likely see a Bounce Off Fibs 50% Zone at 150.765 & Weekly S/R @ 150.555
Closed Friday nite was 150.681 (Lets see Monday Actual Close !!)
a) & Continue its short term TREND Down OR possible consolidate here (Zone ) for a while
b) Breaking OFF of the Rising Channel !!
CHEERS Stay NIMBLE & TRADE SAFE !!
NB: Look out for next few candles H4/H1 Movement-b4 ENTRY Either SHORT or LONG !!
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