Analysis of #GBPUSD
Hello friends,
it was a historic year in all aspects of life, for cable it did drop 14% this year. 1800 pips within 54 say and rallied bottom to top 20%-2200 pips.
things are getting pricy in here but what you gonna do with things, not going along for the dollar.
looking at the chart we have been trending up in a nice upward channel and we have broken to a new high1.3620.
currently, we are now near trend line resistance, we can expect the price to continue trading near the highs without giving us much of a chance to trade this to the buy-side.
or, we can wait for the market to make deeper retracement toward 1.3400 or deeper, it could happen with the volatility in this market could happen quickly.
you do not have to put a trade on the pound things are complicated for this market but for me, that's what I like to see, a mix of volatility and some certainty, I know those two goes against each other
Volitly= Brexit news
Certainty = more weakness for the dollar
🙏Appreciate the likes, comments, and follow
Check today analysis below⠀
_____________________________________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Hello friends,
it was a historic year in all aspects of life, for cable it did drop 14% this year. 1800 pips within 54 say and rallied bottom to top 20%-2200 pips.
things are getting pricy in here but what you gonna do with things, not going along for the dollar.
looking at the chart we have been trending up in a nice upward channel and we have broken to a new high1.3620.
currently, we are now near trend line resistance, we can expect the price to continue trading near the highs without giving us much of a chance to trade this to the buy-side.
or, we can wait for the market to make deeper retracement toward 1.3400 or deeper, it could happen with the volatility in this market could happen quickly.
you do not have to put a trade on the pound things are complicated for this market but for me, that's what I like to see, a mix of volatility and some certainty, I know those two goes against each other
Volitly= Brexit news
Certainty = more weakness for the dollar
🙏Appreciate the likes, comments, and follow
Check today analysis below⠀
_____________________________________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
