GBPUSD Two Scenarios
GBPUSD also started a bearish phase (unfortunately I closed the trade too soon).
There could be two different scenarios:
- In the first case the price, that has already rebounded on the support, goes to break the bearish trendline, confirms the bullish divergence and could go up to reach the target of 1.2723.
- In the second case the price could go down to reach the long-term trendline and then go up to the same target.
Considering the correlations with the other currency pairs I would give more value to the second theory.
Anyway I will wait for a confirmation with the NFP's on Friday.
Cheers,
Andrea
There could be two different scenarios:
- In the first case the price, that has already rebounded on the support, goes to break the bearish trendline, confirms the bullish divergence and could go up to reach the target of 1.2723.
- In the second case the price could go down to reach the long-term trendline and then go up to the same target.
Considering the correlations with the other currency pairs I would give more value to the second theory.
Anyway I will wait for a confirmation with the NFP's on Friday.
Cheers,
Andrea
Nota
Price has broke the mid term bullish trend line.Updates Soon!
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.