GBPUSD 30min Analysis December 22nd, 2020
Price is starting to create a flag pattern after our bullish push phase in yesterdays NY session.
Trade Scenario 1: Bullish - If we are took look long we still need to see price break above the 30min 200MA and current supply zone around 1.3470. We will then look for a retrace and for resistance to flip as support above 1.3470. Enter on bullish engulfing/variations
Trade Scenario 2: Bearish - If we are to look short we need to see strong bearish engulfing/variations on the 30min and 1hour timeframe to respect our current resistance trend line. Targeting our current demand zone at 1.3320
Trade Scenario 1: Bullish - If we are took look long we still need to see price break above the 30min 200MA and current supply zone around 1.3470. We will then look for a retrace and for resistance to flip as support above 1.3470. Enter on bullish engulfing/variations
Trade Scenario 2: Bearish - If we are to look short we need to see strong bearish engulfing/variations on the 30min and 1hour timeframe to respect our current resistance trend line. Targeting our current demand zone at 1.3320
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.
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.