GBPUSD - POTENTIAL BUY
Hello,
We have a nice confluence on this yellow support. The downside movement seems also a bit overextended so we can have a little bit of bullish pressure.
We also have divergences on the M30 timeframes so the bearish pressure starts to slow down a little bit.
I will wait for a confirmation on this zone (break of a descending channel, break of structure...)
Be careful, since this is Monday morning, the market can do lots of fake moves.
We have a nice confluence on this yellow support. The downside movement seems also a bit overextended so we can have a little bit of bullish pressure.
We also have divergences on the M30 timeframes so the bearish pressure starts to slow down a little bit.
I will wait for a confirmation on this zone (break of a descending channel, break of structure...)
Be careful, since this is Monday morning, the market can do lots of fake moves.
Note
Be careful with this one, GBP seems to be seriously bearish for now at the london open... Wait for a clear confirmation. What I advise you, is to wait for market structure shift. In this case, I would wait for the M5 to break the previous M5 high to go long on this zone. If it breaks this zone, my scenario will be invalid and I will wait for a better opportunity.
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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.