GBPUSD moved as expected in Week 13. A good drop and forming a level 3 for the bearish trend. I made some profits from the move, and I hope other traders have profited from the move as well.
The second level of the bearish trend did make me think twice about my analysis, not the question that it may be a bull trend. But rather, is there a trend reset going on and would the pair continue heading south. I arrived at my conclusion that I might be over thinking and I would just follow the analysis and manage my trades well.
The bear move was strong, however, Friday seems to have halted the move. It moved another 100 pips downwards on Friday but it ended the week with a push upwards. It showed a sign of bull returning into the market and that gave me comfort to say that for Week 14, a rise is very possible.
So for the coming Week 14, I am confident that the move would be point upwards. I would be monitoring and taking long on GBPUSD.
I hope all traders continue to make a good profit in the coming Week 14. If my analysis helped you in any way, please like and follow me in Tradingview, thank you!!
The second level of the bearish trend did make me think twice about my analysis, not the question that it may be a bull trend. But rather, is there a trend reset going on and would the pair continue heading south. I arrived at my conclusion that I might be over thinking and I would just follow the analysis and manage my trades well.
The bear move was strong, however, Friday seems to have halted the move. It moved another 100 pips downwards on Friday but it ended the week with a push upwards. It showed a sign of bull returning into the market and that gave me comfort to say that for Week 14, a rise is very possible.
So for the coming Week 14, I am confident that the move would be point upwards. I would be monitoring and taking long on GBPUSD.
I hope all traders continue to make a good profit in the coming Week 14. If my analysis helped you in any way, please like and follow me in Tradingview, thank you!!
