GBPUSD SELL
Although a confusing chart, a lot is going on. The yellow highlighted leg is in a current uptrend. It is approaching a Supply Zone formed by a Pin Bar. That same Supply Zone is on the 0.618 retracement of the red leg.
Within the uptrend, coming close to current market a Bullish Penant is formed. So we can expect some more price shooting up a bit before hitting entry, although there is a possibility that it may go into the red for a while.
Take profit is placed near a Demand Zone on the Daily Chart. Also a retracement of 0.618 of the yellow leg.
Within the uptrend, coming close to current market a Bullish Penant is formed. So we can expect some more price shooting up a bit before hitting entry, although there is a possibility that it may go into the red for a while.
Take profit is placed near a Demand Zone on the Daily Chart. Also a retracement of 0.618 of the yellow leg.
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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.