I use market cycles, feelings and experience in order to read charts... This is on top of the different technicals and charting systems.
I can read this chart but the accuracy can be very low as I don't have a feeling of this market and don't know how it behaves...
Please keep this in mind.
I am doing this on the request of one of our followers.
--
GBPUSD Daily Chart Analysis
Basic technicals are bearish:
- Trading below EMA10.
- MACD below zero.
- RSI below 50.
- Downtrend since June 2021.
Potential for reversal:
- Bottom pattern (cup pattern) shows December 2021 (yellow).
- Current higher low in play.
As it is now, we can see a bounce to around 1.3657 or MA200.
If GBPUSD moves below the blue lines, no bounce possible but there is potential now for a move up.
That's all.
I hope you enjoyed the analysis.
Namaste.
I can read this chart but the accuracy can be very low as I don't have a feeling of this market and don't know how it behaves...
Please keep this in mind.
I am doing this on the request of one of our followers.
--
GBPUSD Daily Chart Analysis
Basic technicals are bearish:
- Trading below EMA10.
- MACD below zero.
- RSI below 50.
- Downtrend since June 2021.
Potential for reversal:
- Bottom pattern (cup pattern) shows December 2021 (yellow).
- Current higher low in play.
As it is now, we can see a bounce to around 1.3657 or MA200.
If GBPUSD moves below the blue lines, no bounce possible but there is potential now for a move up.
That's all.
I hope you enjoyed the analysis.
Namaste.
🔝 Altcoins & Bitcoin Charts!
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
🔥 New Lowest Pricing Ever ➖ Easy PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
🔥 New Lowest Pricing Ever ➖ Easy PREMIUM LIFETIME Access
lamatrades.com (Since 2017)