GBPUSD Market Analysis
A strong appreciation on GBPUSD raise concern for counter-trend traders who are looking for shorting opportunity.
If the completion of the Bearish Shark Pattern completes on 8 Feb 21 at 6pm(+8GMT) or 12pm(+2UTC) it would be a perfect opportunity to short the market.
The reasons as follows:
1) Bearish Shark Completion
2) Structure Resistance
3) Just nice touching trendline without violating it.
If the shark pattern completes before 8Feb21, the first 2 reasons still stand and it would depend heavily on how the candle is formed, if it's a long shadow or Doji candle that the candle closing price isn't above the trendline it is still possible to bring in the trendline traders to short the market.
If the completion of the Bearish Shark Pattern completes on 8 Feb 21 at 6pm(+8GMT) or 12pm(+2UTC) it would be a perfect opportunity to short the market.
The reasons as follows:
1) Bearish Shark Completion
2) Structure Resistance
3) Just nice touching trendline without violating it.
If the shark pattern completes before 8Feb21, the first 2 reasons still stand and it would depend heavily on how the candle is formed, if it's a long shadow or Doji candle that the candle closing price isn't above the trendline it is still possible to bring in the trendline traders to short the market.
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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.