Analysis on #GBPUSD
The GBPUSD trading in between trend line support and resistance as you see on my chart and it is losing momentum to the downside confirmed by RSI divergence, as you know this week we have major news for the pound and a rate hike is expected.
Trading Plan:
>> If the GBPUSD breaks and closes above tren line resistance above 1.3080-13100 I will then look for a tend continuation entry on the lower time frame expecting more upside to test 1.32000 next resistance.
⚡ Be aware due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
The GBPUSD trading in between trend line support and resistance as you see on my chart and it is losing momentum to the downside confirmed by RSI divergence, as you know this week we have major news for the pound and a rate hike is expected.
Trading Plan:
>> If the GBPUSD breaks and closes above tren line resistance above 1.3080-13100 I will then look for a tend continuation entry on the lower time frame expecting more upside to test 1.32000 next resistance.
⚡ Be aware due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
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