Week 5 2020 - GBPUSD
Hi traders,
For this particular asset, we saw price break to the downside from the consolidation pattern and bounce forming a small bullish trend off of the double bottoms. The bullish stochastic is a sign there is some momentum to the upside.
The double bottoms have thrown back to the confirmation level and any sign of bouncing is a signal to buy this asset. A break above 131700 will be confirmation of bullishness. We will need some strong fundamentals for the asset to breakout at those levels.
For the bears, a break of the 50MA and 130150 level will be the sign to look for shorts.
All the best,
Aardall
For this particular asset, we saw price break to the downside from the consolidation pattern and bounce forming a small bullish trend off of the double bottoms. The bullish stochastic is a sign there is some momentum to the upside.
The double bottoms have thrown back to the confirmation level and any sign of bouncing is a signal to buy this asset. A break above 131700 will be confirmation of bullishness. We will need some strong fundamentals for the asset to breakout at those levels.
For the bears, a break of the 50MA and 130150 level will be the sign to look for shorts.
All the best,
Aardall
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.