Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis📈 and Trading Tips📉, support the idea hitting the LIKE👍 button and don't forget to SUBSCRIBE✔️ my channel, you won't miss anything!
🟢Forex Pair:
GBP/USD
⚪Technical Analysis:
On the 4th of February 2021, the price got an interesting rejection on the level at about 1.35600, quickly moving up with a strong upbar, breaking through its daily S/R zone at about 1.36300 and reaching its dynamic resistance of its previous rising wedge pattern, without breaking it.
Few hours ago, the price re-tested an important resistance zone and it is currently moving down.
🔴Conclusion:
In my previous analysis I got a bearish scenario and I'm still really confident to see the price collapsing down soon!
I've honestly got already a short position on this trade until the level at about 1.36250 and I'll eventually plan my second trade if the price will break that support zone (my first target).
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
🟢Forex Pair:
GBP/USD
⚪Technical Analysis:
On the 4th of February 2021, the price got an interesting rejection on the level at about 1.35600, quickly moving up with a strong upbar, breaking through its daily S/R zone at about 1.36300 and reaching its dynamic resistance of its previous rising wedge pattern, without breaking it.
Few hours ago, the price re-tested an important resistance zone and it is currently moving down.
🔴Conclusion:
In my previous analysis I got a bearish scenario and I'm still really confident to see the price collapsing down soon!
I've honestly got already a short position on this trade until the level at about 1.36250 and I'll eventually plan my second trade if the price will break that support zone (my first target).
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
