GBPUSD 6/7/2020

6 thg 7, 2020

6/7/2020 Weekly downtrend, price on daily making HH structure though within a small range. Looking like a uptrend channel forming (correction phase) after an impulsive movement prior (V shape).

Within the Daily uptrend channel, price consolidating (correcting) on the current leg to the downside. Price broke out of that consolidation phase and tested the nearest previous higher low but did not break it. Now...if price moving out of the corrective phase, expecting an impulsive move. However, no confirmation yet as structure is still bearish on the daily timeframe.

When daily structure uptrend (new HH leg) + H4 uptrend = look for buy setup.

No sign of bearish movement yet on H4.

14 thg 7, 2020

Ghi chú

H4 update



D1 update



RR 1:2