Good Day :) Hope everybody is having a great trading week so far (That's if you've been following my analysis) wink*
Technical Analysis: GBP/USD
Bias: Neutral - On the 1Hour timeframe price action has broken out of the descending trendline line. Price action can either reverse the trend to the upside or it could still respect the resistance zone and continue the downtrend momentum. We do not have a clear bias at the moment, We will wait for price action to give us an indication by a break of either the support zone or the resistance zone. Once price action breaks one of these technical zones we then look for an entry in that direction of the breakout.
Please don't forget to smash that like button & share if you've benefited in any way from this post.
Trade safe & have a great trading week :)
Technical Analysis: GBP/USD
Bias: Neutral - On the 1Hour timeframe price action has broken out of the descending trendline line. Price action can either reverse the trend to the upside or it could still respect the resistance zone and continue the downtrend momentum. We do not have a clear bias at the moment, We will wait for price action to give us an indication by a break of either the support zone or the resistance zone. Once price action breaks one of these technical zones we then look for an entry in that direction of the breakout.
Please don't forget to smash that like button & share if you've benefited in any way from this post.
Trade safe & have a great trading week :)