GBP/USD. Shorts not looking great especially before the news but this chart shows a break of the D1 trend line and a test.
Gone to a better place
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DislikedGBP/USD. Shorts not looking great especially before the news but this chart shows a break of the D1 trend line and a test.AttachmentIgnored
DislikedHello, I think yesterday bulls showed how strong they are didn't let to take GU down during US session. I'm now wait for opportunity to buy around 1.6190 level.Ignored
DislikedRight, now we still have to sit down till it breaks the range. For now no position for me because it sits in the middle, very risky.Ignored
DislikedThe 1hr screenshot in my last post above shows the previuous 1hr and 1hr/4hr swing lo zones below current price....ie there has definately been some demand down there...will there be again ?
Time will tell....looking a bit bearish atm.
G/LIgnored
Dislikedwell we have around 9-11 failed wicks at this demand area. we will see a correction there in about 9 out of 10 cases IMHO.Ignored
DislikedI don't understand. By failed wicks do you mean they failed to follow with a bullish move? And now do you say this is a strong support area or a weak one? Thanks.Ignored
DislikedLow volume test, smaller tf trendline test, in demand. Background buying, currently in oversold conditions.Only buying.Ignored