GBPUSD 1hour Analysis December 28th, 2020
We are starting to see a double top form on the 4h timeframe but price is at a key structure zone.
Trade Scenario 1: Bullish - For us to look long we need to see strong support form at 1.348. We will then look for a break and retest of our monthly zone at 1.3527. Enter on bullish engulfing/variations.
Trade Scenario 2: Bearish - For us to look short we need to see price break below the 1h 200MA and the key structure zone of 1.3470. We will then wait for a retrace and a clear LH to form. Enter on further bearish engulfing/variations.
Trade Scenario 1: Bullish - For us to look long we need to see strong support form at 1.348. We will then look for a break and retest of our monthly zone at 1.3527. Enter on bullish engulfing/variations.
Trade Scenario 2: Bearish - For us to look short we need to see price break below the 1h 200MA and the key structure zone of 1.3470. We will then wait for a retrace and a clear LH to form. Enter on further bearish engulfing/variations.
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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.