DislikedGBPUSD basically without complicated analysis what would u choose YELLOW OR GREEN {image}Ignored
This is the third consecutive week of buying and if previous history is anything to go by, the third week is usually very aggressive with ranges between 300 - 470 pips which makes me think a potential 470 pips range will target that exact 1.28 level as cable is capable of doing the unthinkable.
Bears will have a good ride tomorrow if Asia doesn't attack the dreaded 1.2645 then price will start heading downwards and likely end the week at 1.24 level. No matter the circumstances, I still expect a heavily bearish move next week to 1.2310 level first target. It has been a record breaking week in 2020 having the first 3 consecutive weeks of buying . Congratulations to bulls this week as it took a great deal of courage attacking these new highs with such confidence. Now give the Barton to the Bears and join their race to the southern part of the range.
Remember why some smile to the Bank, others might be wrapping their heads around the pillow for solace... In the end, let's all win together and stay profitable.
Peace!
Data + Stat + Risk/Emotions Management
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It can retrace now and has plenty of room but it cannot take that open this week ,all we can do is wait a further 3-4 days to prove it... So you got on W1 gap down shaven inverted hammer , then open bullish confirmation -against long failed bear which closed shaven... then gap down open bullish...
