GBP-USD SHORT INITIAL BREAKOUT
Weekly chart: the weekly chart has hit a good resistance level and a supply zone. though it still a bullish market but i believe it reached a good time to breath before continuing its move.
Daily chart: daily chart shows a double top reching back to march 2020. after 2 weeks of strong bullish move the market is ready to breath.. my first safe target would be the daily 20ema. and might stretch it towards the daily 50 ema if i see the market in a strong bearish reaction.
4h chart: perfect double top and bearish move. i would wait for the break of the 50ema and the trend line to initiate an entry
Daily chart: daily chart shows a double top reching back to march 2020. after 2 weeks of strong bullish move the market is ready to breath.. my first safe target would be the daily 20ema. and might stretch it towards the daily 50 ema if i see the market in a strong bearish reaction.
4h chart: perfect double top and bearish move. i would wait for the break of the 50ema and the trend line to initiate an entry
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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.