GBPUSD on it's way to 1.3769
Target: 1.3769
Invalidation point: RSI(14) on daily chart below 40 or below thick black Moving Average Composite
Reasons why:
* Positive reversals on daily chart of CFG, target 1.3769
* Bearish divergence on daily chart of CFG, which confirms uptrend
* RSI(14) mvoes between 40 and 80, which confirms uptrend
Overview of all timeframes
M: Down, NR TA: 1.0973, RR bear
W: Up: RSI>60, supp on 1.3372 (last PR TA)
D: Up: PR TA: 1.3769, divergence
4H: Down: Missed last PR / bear RR
Interesting to see if the bulls have enough power to also invalidate the negative reversal on the montly chart, which has a target of 1.0973.
Invalidation point: RSI(14) on daily chart below 40 or below thick black Moving Average Composite
Reasons why:
* Positive reversals on daily chart of CFG, target 1.3769
* Bearish divergence on daily chart of CFG, which confirms uptrend
* RSI(14) mvoes between 40 and 80, which confirms uptrend
Overview of all timeframes
M: Down, NR TA: 1.0973, RR bear
W: Up: RSI>60, supp on 1.3372 (last PR TA)
D: Up: PR TA: 1.3769, divergence
4H: Down: Missed last PR / bear RR
Interesting to see if the bulls have enough power to also invalidate the negative reversal on the montly chart, which has a target of 1.0973.
Trade fermée: ordre d’arrêt atteint
Changed view to bearish, update will follow later.
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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.