GBPUSD has wasted the entire daily move (ATR) and is forming a false break of the mirror level support and trading range support. The price fell on the background of the dollar growth (which is trading on the background of the global downtrend)
Now, while the price is consolidating below the mirror level, sellers (physical persons) open deals. But, based on the situation and spent ATR when the price returns inside the range there will be a liquidation stage, which can provoke the price growth
The price fixing above 1.34437 may be the beginning of a pullback (trend growth).
Scenario: if the decline does not continue, and the price is able to consolidate above 1.3448, in this case we can expect a correction to 1.35, 1.353.
Now, while the price is consolidating below the mirror level, sellers (physical persons) open deals. But, based on the situation and spent ATR when the price returns inside the range there will be a liquidation stage, which can provoke the price growth
The price fixing above 1.34437 may be the beginning of a pullback (trend growth).
Scenario: if the decline does not continue, and the price is able to consolidate above 1.3448, in this case we can expect a correction to 1.35, 1.353.
Dagangan aktif
A false breakdown of support is forming.
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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.
❤️ Telegram channel: t.me/AndeWave
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.