So sorry for not posting my analysis of Week 16, as I was overseas! However, I was trading through the week, so I am back with the analysis of the coming Week 18.
GBPUSD seems to have overextended its bearish move in Week 17, pretty much like the USDCHF. It ended the week with a reversal pattern at level 5 of the bearish trend. That made me incurred some losses as well in GBPUSD, I was expecting a further downward movement.
However, the analysis in Week 17 is now pointing us towards a bullish movement in Week 18. With a completed reversal pattern in bearish level 5 zone, it does look possible for the bull to regain its power for a bull ride in Week 18!
I will personally enter a long for GBPUSD in week 18, as well as long in EURUSD and short for USDCHF. Probably a smaller position for USDJPY as a risk control measure.
I hope all traders continue to make good profit in Week 18!
Please like and follow me if my analysis provided you with some insights, thank you for supporting me! =)
GBPUSD seems to have overextended its bearish move in Week 17, pretty much like the USDCHF. It ended the week with a reversal pattern at level 5 of the bearish trend. That made me incurred some losses as well in GBPUSD, I was expecting a further downward movement.
However, the analysis in Week 17 is now pointing us towards a bullish movement in Week 18. With a completed reversal pattern in bearish level 5 zone, it does look possible for the bull to regain its power for a bull ride in Week 18!
I will personally enter a long for GBPUSD in week 18, as well as long in EURUSD and short for USDCHF. Probably a smaller position for USDJPY as a risk control measure.
I hope all traders continue to make good profit in Week 18!
Please like and follow me if my analysis provided you with some insights, thank you for supporting me! =)
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.