GBPUSD looking good for a short down to 1.5000 on the daily, however, I will be awaiting for more conformation from price action around this trendline and 1.5500 level to take any trades. I am expecting a false breakout to the upside first before the move down.
Here we have a Head + Shoulders pattern being fulfilled with the neckline broken, retested and continuation.
I have also highlighted in red the lows of the move upwards, this also marks areas of liquidity where many stop losses will be placed. The first 3 lows (Stops) have already been taken out, the fourth and final low (Stops) now need to be taken. This gives extra confluence for a move down to the monthly support level of 1.5000.
Here we have a Head + Shoulders pattern being fulfilled with the neckline broken, retested and continuation.
I have also highlighted in red the lows of the move upwards, this also marks areas of liquidity where many stop losses will be placed. The first 3 lows (Stops) have already been taken out, the fourth and final low (Stops) now need to be taken. This gives extra confluence for a move down to the monthly support level of 1.5000.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.