Multi Timeframe Analysis
Trading philosophy: We don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace in the direction of the D1 master trend.
Recommendation:
GBP pairs reacted strongly to the blood clotting incident from the vaccine by dropping. Expect GBPUSD to drop further to strong market structure marked on the chart. After bearish momentum ends on the 4H chart, confirm entries (10/20 EMA breach and MACD going over zero) for a nice long bullish impulse which can break the last weekly high
Hint: the GBP will be strengthening in 1 to 2 weeks across all pairs.
Trading philosophy: We don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace in the direction of the D1 master trend.
Recommendation:
GBP pairs reacted strongly to the blood clotting incident from the vaccine by dropping. Expect GBPUSD to drop further to strong market structure marked on the chart. After bearish momentum ends on the 4H chart, confirm entries (10/20 EMA breach and MACD going over zero) for a nice long bullish impulse which can break the last weekly high
Hint: the GBP will be strengthening in 1 to 2 weeks across all pairs.